An Owner Whose Property Is in a Strong Market Position

question 30

Multiple Choice

An owner whose property is in a strong market position, where fewer services can be offered to tenants for the same dollar of rental income and where the owner will not lose tenants if the property is under-maintained, is said to participate in a market that has:

• A) a relatively elastic demand for space
• B) a relatively inelastic demand for space
• C) economies of scale
• D) diseconomies of scale

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Definitions:

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