Identical one-bedroom apartments can be rented either for one week at $100 or for one month at $375.Is this rational?
A) No,everyone will pick the one-month option.
B) No,the landlord is not maximizing profit.
C) Yes,it lessens the amount of searching the landlord does for tenants.
D) Yes,it lessens the amount of searching the tenant does for living space.
E) Yes,it lessens the amount of searching for both landlord and tenant.
Correct Answer:
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