One of the ways rent control is inefficient is that it leads to:
A)higher-quality apartments.
B)high opportunity costs associated with wasted time searching for apartments.
C)markets that maximize total surplus.
D)the construction of more apartments.

Question

Quizplus · Accepted Answer

Rent control can lead to a shortage of apartments as landlords may not find it profitable to invest in building new units or maintaining existing ones. This can result in long waiting lists and increased search costs for renters. Therefore, rent control leads to high opportunity costs associated with wasted time searching for apartments.

One of the Ways Rent Control Is Inefficient Is That