Economic rent, or pure rent, is

A) a payment made for the use of housing, factory buildings, or capital goods.
B) a payment for resources used in the production of "free goods."
C) a payment for the use of those resources whose supply is perfectly elastic.
D) the price paid for the use of land and other nonreproducible resources.

Economic Rent

A payment made for the use of a good, service, or resource above and beyond what is necessary to encourage its production or supply.

Nonreproducible Resources

Natural resources that cannot be replaced or regrown at a pace that matches their consumption.

Perfectly Elastic

Refers to a situation in demand or supply where quantity changes infinitely with any change in price.