At a particular university in an urban area, official policy mandates that university-owned student housing shall rent for no more than 80% of the...

At a particular university in an urban area, official policy mandates that university-owned student housing shall rent for no more than 80% of the market rate for comparable housing. Rent for all two-bedroom university-owned student apartments is $650/month. All the university-owned two-bedroom student apartments have one bathroom, no view, and are comparable in construction, size, age, amenities,