1. What is the difference between venture capital firms and private equity firms? What roles do they play in the financial system?
2. The author of a newspaper article providing advice to renters observes that "landlords will always know more than you do."
a. Do you agree with this statement? If so, what do landlords know that potential renters might not?
b. If the statement is correct, what are the implications for the market for rental apartments?
c. In what ways is the market for rental apartments like the market for used cars? In what ways is it different?