Consider a Purely Competitive Market with No Transaction Costs,no Difference

question 21

Multiple Choice

Consider a purely competitive market with no transaction costs,no difference between borrowing and lending cost,and no taxes.Is it an advantage to buy or to lease an apartment?

• A)It is an advantage to buy an apartment
• B)It is an advantage to lease an apartment
• C)They are equal opportunities
• D)It depends on the location
• E)None of the above