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In the real estate market context, replacement cost is: a. An appraisal concept b. not relevant to the discision to construct new product. c. The

In the real estate market context, replacement cost is:

a. An appraisal concept

b. not relevant to the discision to construct new product.

c. The level of rent that is just sufficient to stimulate profitable new development in the market.

d. An insurance concept.

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