b) $400

In the standard edition of the board game Monopoly, Boardwalk is the most expensive property, costing $400. This reflects the game’s goal of teaching basic principles of economics and capitalism. Monopoly, originally designed in the early 20th century, was intended to demonstrate the negative aspects of concentrating land in private monopolies. Boardwalk’s high price and rent rates in the game exemplify the potential for substantial profit through property investment and the competitive nature of real estate. The game has become a cultural icon, widely recognized and played around the world, often used as a tool for understanding basic economic concepts.