> If that was true, apartment pricing would be flat or even trending down, as landlords would compete on price. It is possible to have rising prices in a compe

> If that was true, apartment pricing would be flat or even trending down, as landlords would compete on price. It is possible to have rising prices in a competitive market. For example, the automobile market is competitive and experiences rising prices. When I was shopping for an apartment not long ago, I saw several signs advertising discounts. This is evidence that landlords compete on price. However, lack of advertised discounts would not be evidence of a monopoly.