g. * What will be the equilibrium monthly price q* of a right to live in one
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g. * What will be the equilibrium monthly price q* of a “right” to live in one of these apartments compared to the bribe charged in (c)? What will be the deadweight loss in your original graph of the apartment market? How does your answer change if lottery winners are not allowed to sell their rights?
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Related Book For
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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