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 95 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
Great answer, keep it coming :)

vickyvicksss

  • Member
  • Posts: 351
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

IgM pentamer of immunoglobulin units IgM pentamer of immunoglobulin units
The philosophical journey requires self-examination. Your responsibility as a critical thinker is to The philosophical journey requires self-examination. Your responsibility as a critical thinker is to
A Listing of Repeat Units for 10 of the More Common Polymeric Materials A Listing of Repeat Units for 10 of the More Common Polymeric Materials
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
List transformations and Create a table of values for the following log function: List transformations and Create a table of values for the following log function:
Neurons and glia: Neurons are the basic functional units of the brain Neurons and glia: Neurons are the basic functional units of the brain
Video: Genetic distance between human groups

For a complete list of videos, visit our video library