Rent control has become less common because it
a. caused housing shortages
b. caused housing surpluses
c. encouraged the black market
d. led to rationing
Ans: a. caused housing shortages
Economics
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Which of the following is an example of a local monopoly as compared to a national or international monopoly?
a. a restaurant at a rural crossroads b. Alcoa during the 19th century c. De Beers Consolidated Mines d. AT&T e. U.S. Postal Service
Economics
Which of the following describes bundling?
a. Selling multiple products as one product b. Allowing customers to buy one product if they also buy another c. Regulating the number of reduced-priced products d. One firm buying the rights to sell the products of another firm
Economics