Which of the following is not a common effect of imposing a rent control?
a. Discriminatory practices by landlords.
b. More time on waiting lists and searching for housing.
c. A "black market" for rentals.
d. An excess supply of rentals at the controlled price.
d
Economics
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Refer to the above figure. Suppose this industry was perfectly competitive and then merged into one monopolistic firm. The monopoly would
A) raise price from P1 to P2. B) reduce output from Q3 to Q1. C) reduce output from Q2 to Q1 and raise price from P3 to P4. D) raise price from P1 to P4.
Economics
All economists agree that the European Union is an example of a true a optimal currency area
Indicate whether the statement is true or false
Economics