Inframarginal rent definition

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Inframarginal rent

Inframarginal rent logo #21015The quasi rent earned by a perfectly competitive firm in the short run. If price equals marginal cost, then it earns nothing on the marginal unit, but if marginal cost increases with output due to a fixed factor, then price exceeds marginal cost for inframarginal units.
Found on http://www-personal.umich.edu/~alandear/glossary/i.html
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