The Opportunity Cost of an Apartment in a Rent-Controlled Market

Multiple Choice

The opportunity cost of an apartment in a rent-controlled market is equal to

A) the opportunity cost of searching for the apartment.
B) the rent charged for the apartment.
C) the rent charged for the apartment minus the opportunity cost of searching for the apartment.
D) the rent charged for the apartment plus the opportunity cost of searching for the apartment.
E) nothing, because of the surplus of apartments when there are rent controls.