Use the following to answer questions:
Table: Market for Apartments 
-(Table: Market for Apartments) Look at the table Market for Apartments. If a government price ceiling of $600 is imposed on this market, the result will be an inefficiency in the form of a _____ million apartments.
Definitions:
Competitive Market
A market structure characterized by a large number of buyers and sellers, where no single entity can dictate prices.
Price Taker
refers to a market participant who does not have the ability to influence prices and must accept the market price as given.
Competitive Market
A market structure characterized by a large number of buyers and sellers where no single entity can dictate prices.
Average Revenue
The amount of revenue a company receives per unit of output sold, calculated by dividing total revenue by the quantity of goods or services sold.
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