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Consider a Purely Competitive Market with No Transaction Costs,no Difference

Question 1

Multiple Choice

Consider a purely competitive market with no transaction costs,no difference between borrowing and lending cost,and no taxes.Is it an advantage to buy or to lease an apartment?


A) It is an advantage to buy an apartment
B) It is an advantage to lease an apartment
C) They are equal opportunities
D) It depends on the location
E) None of the above

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