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Question
In a world of perfect certainty, sharecropping would be less efficient than a farm owner working his own farm because(a) sharecroppers receive only half of their marginal product.
(b) paying a worker a wage gives him or her an incentive to shirk.
(c) sharecroppers are exploited by landlords.
(d) renting farmland concentrates risk on the renters.
(e) all of the above.
Answer
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