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Author Question: Of the following groups, who gains from rent controls? A) landlords B) construction workers and ... (Read 77 times)

mia

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  • Posts: 564
on: Jun 29, 2018
Of the following groups, who gains from rent controls?
 
  A) landlords
  B) construction workers and their union leaders
  C) poor people who have a hard time earning enough income to pay high rents
  D) high-income people who live in rent-controlled apartments

Question 2

In the above figure, the profit-maximizing monopolistically competitive firm will
 
  A) make a profit of 24,000.
  B) make a profit of 30,000.
  C) make a profit of 0.
  D) incur a loss of 20,000.


JYan

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


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