This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Rent controls unintentionally create A) scarcity of rental units. B) surpluses of rental units. ... (Read 87 times)

Cooldude101

  • Hero Member
  • *****
  • Posts: 557
on: Jun 29, 2018
Rent controls unintentionally create
 
  A) scarcity of rental units.
  B) surpluses of rental units.
  C) shortages of rental units.
  D) market-clearing outcomes in the apartment rental market.

Question 2

If a natural monopoly is regulated using a marginal cost pricing rule, the firm makes zero economic profit. Is the previous statement correct or incorrect? Explain your answer.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Kimmy

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

The statement is incorrect. If a firm is regulated using a marginal cost pricing rule, the firm incurs an economic loss.


Cooldude101

  • Member
  • Posts: 557
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

nguyenhoanhat

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Alternate sites that can be used to create a new opening (-ostomy) in the colon. Alternate sites that can be used to create a new opening (-ostomy) in the colon.
Galaxies Forming by Combining Smaller Units Galaxies Forming by Combining Smaller Units
Galaxies Forming by Combining Smaller Units Galaxies Forming by Combining Smaller Units
Relative Ventricular Size in Chronic Schizophrenics and Controls Relative Ventricular Size in Chronic Schizophrenics and Controls
Some IAC units are purchased with the housing as shown. Carbon buildup in these passages can cause ... Some IAC units are purchased with the housing as shown. Carbon buildup in these passages can cause ...
An agglutination inhibition reaction. Commercial kit materials would create an agglutination ... An agglutination inhibition reaction. Commercial kit materials would create an agglutination ...
Video: Male Reproductive System - The gonadotropin releasing hormone

For a complete list of videos, visit our video library