Rent controls primarily benefit
A) property owners.
B) people looking for rental units.
C) builders.
D) people who already occupy rental units.
D
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The QWERTY story illustrates: a. the commons problem
b. a negative network externality. c. the path dependence to technology. d. the problem of adverse selection. e. a situation of moral hazard.
In 1984, amendments to RCRA restrict landfilling activity, which in turn
a. would cause the MPC of land disposal to rise b. may offer some incentive for waste disposers to generate less waste c. reduce the external cost of landfilling d. all of the above
When a firm operates with excess capacity, it must be in a monopolistically competitive market
a. True b. False Indicate whether the statement is true or false
As people buy more of the same product,
A. their consumer surplus rises. B. their consumer surplus falls. C. their consumer surplus will fall to zero to maximize their total utility. D. the additional purchases do not affect their consumer surplus.