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​The Management of a Rental Building Faces a Rent Control

Question 9

Multiple Choice

​The management of a rental building faces a rent control situation,where it cannot charge more than $400 a month in rent on the apartment.The management knows that the apartments are high in demand and renters would be willing to be $1000 per month for them.The management will


A) ​Do nothing-it cannot violate the regulation
B) Offer a bundle of both the apartment and furniture together for $1000
C) Offer the controlled rent but force the tenants to rent furniture from the management
D) ​Both B&C

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