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Author Question: Rent controls unintentionally create A) scarcity of rental units. B) surpluses of rental units. ... (Read 63 times)

Cooldude101

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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?


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Kimmy

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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

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

bigcheese9

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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