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ahrayia [7]
2 years ago
12

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.
Business
1 answer:
andre [41]2 years ago
7 0

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.

Read more on rent control here:

brainly.com/question/1331723

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1. Indeed, the government in a command economy (like China) makes most economic decisions itself or at least strongly influences how the decisions are made.

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mutual mistake

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