The Opportunity Cost of an Apartment in a Rent Controlled

question 112

Multiple Choice

The opportunity cost of an apartment in a rent controlled market is equal to

• A) the rent charged for the apartment.
• B) the opportunity cost of searching for the apartment.
• C) the rent charged for the apartment plus the opportunity cost of searching for the apartment.
• D) nothing because of the surplus of apartments when there are rent controls.
• E) the rent charged for the apartment minus the opportunity cost of searching for the apartment.

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