Rent controls usually result in:

A) an economic profit for the owners of the rented apartments.
B) an efficient allocation of rented apartments among tenants.
C) an excess supply of rented apartments.
D) deterioration and poor maintenance of the rented apartments.
E) an equilibrium in the market for rented apartments.

Rent Controls

Government-imposed limits on the amount landlords can charge for leasing a home or apartment.

Economic Profit

The difference between the total revenue generated by a business and the total costs, including both explicit and implicit costs.

Maintenance

The process of preserving or keeping equipment, machinery, buildings, etc., in working order by conducting regular check-ups and repairs.