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Price ceilings have been used to help renters in expensive areas by keeping rents artificially low. Though this helps some renters, there are costs associated with this practice too. Place a check next to all of the items below that describe possible consequences resulting from rent control. Select all that apply.
-The development of Black Markets
-The requirement of nonrefundable cleaning deposits.
-Reductions in apartment quality.
-An increased emphasis on informal connections in allocating apartments.
-The requirement of nonrefundable key deposits.
-An increased level of subletting.
The Chicago Board of Trade has just introduced a new futures contract on Brandex stock, a company that currently pays no dividends. Each contract calls for delivery of 1,000 shares of stock in one year. The annual risk free rate is 6%. If Brandex sto..
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Distinguish between explicit & implicit costs, giving example of each and what are the explicit & implicit costs of attending college?? Why does the economist classify normal profit as a cost?
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