The Opportunity Cost of an Apartment in a Rent Controlled

Multiple Choice

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

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