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    Exam 6: Government Actions in Markets
  5. Question
    What Is a Black Market and How Does It Influence
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What Is a Black Market and How Does It Influence

Question 216

Question 216

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What is a black market and how does it influence the market for rental housing if a rent ceiling creates a housing shortage? What determines the level of the black market rent?

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A black market is an illegal market in w...

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