Imagine a world in which landlords always fix problems quickly,while tenants never damage property and always pay their rent on time.In such a world,
A) lease agreements would still exist to solve the commitment problem.
B) lease agreements would be unnecessary.
C) lease agreements would only serve the interests of landlords.
D) lease agreements would only serve the interests of tenants.
E) rents would rise.
Correct Answer:
Verified
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