Why may the concept nevertheless be significant


Problem

1. If rent constitutes only 2 percent of the incomes of Americans, why may the concept nevertheless be significant?

2. Litigation in which one company sues another often involves costs for lawyers and other court costs literally amounting to hundreds of millions of dollars per case. What does rent have to do with the matter?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Why may the concept nevertheless be significant
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