A rent ceiling results in a shortage of apartments. As a result, there is
A) only a loss of consumer surplus for tenants.
B) only a loss of producer surplus for landlords.
C) a loss of both consumer and producer surplus.
D) a gain of both consumer and producer surplus.
C
Economics
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A market structure where many sellers offer differentiated products is called perfect competition
Indicate whether the statement is true or false
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Which test is generally the first step in the selection process after a review of minimum standards?
A) polygraph test B) physical agility test C) oral interview test for police officer candidates D) entry-level written test
Economics