Question 1 (1 point) One of the ways rent control is inefficient is that it leads to: a markets that maximize total surplus. b h

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Question 1 (1 point) One of the ways rent control is inefficient is that it leads to: a markets that maximize total surplus. b h

igher-quality apartments. c the construction of more apartments. d an increase in producer surplus with a larger decrease in consumer surplus. e high opportunity costs associated with wasted time for apartment seekers.

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1 answer:

andre [41] · Answer 1 · 2023-06-09T18:12:31+03:00

One of the ways that rent control is inefficient is that it has high opportunity costs associated with wasted time for apartment seekers.

<h3>What is rent control?</h3>

This is the term that is used to explain the control that the government of a country has on landlords that lease their houses out to tenants.

It puts a limit on the amount of money that landlords of houses can collect as the rent for their houses.