Rent controls typically end up
a. increasing rents received by landlords
b. raising property values
c. encouraging landlords to overspend for maintenance
d. discouraging new housing construction
e. unnecessarily increasing the long-run supply of housing
D
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Which of the following mergers would result from the purchase of a retail clothing chain by a computer software company?
a. A horizontal merger. b. A vertical merger. c. A conglomerate merger. d. A monopoly merger.
Abe owns a dog; the dog's barking annoys Abe's neighbor, Jenny. Suppose that the benefit of owning the dog is worth $200 to Abe and that Jenny bears a cost of $400 from the barking. Assuming Abe has the legal right to keep the dog, a possible private solution to this problem is that
a. Jenny pays Abe $150 to give the dog to his parents who live on an isolated farm. b. Abe pays Jenny $350 for her inconvenience. c. Jenny pays Abe $300 to give the dog to his parents who live on an isolated farm. d. There is no private transaction that would improve this situation.
Lucy and Lincoln are salespeople working for the same company with equal skills, ability, and experience. Both are paid a small base salary but the majority of their compensation is in the form of a commission, which is a percentage of the sales they make. Lucy earns more each year than Lincoln. What can you conclude about Lucy and Lincoln?
User-feedback scores on eBay are an example of:
A. screening. B. building a reputation. C. statistical discrimination. D. None of these statements is true.