Rent Seeking Is the Term Given

question 54

Multiple Choice

Rent seeking is the term given

• A)to an attempt by firms to create a profitable monopoly even though resources may be wasted in the process.
• B)to filing a lawsuit, which wastes resources, in the hope of obtaining monetary gain or a strategic market position.
• C)to attempts by firms to obtain earnings without contributing to production.
• D)All of the above are correct.