Which Is Not an Example of Rent Seeking

question 200

Multiple Choice

Which is not an example of rent seeking?

• A)Lobbying by industrial groups for special income tax reductions.
• B)Lawsuits filed by a firm to keep a competitor from selling similar products.
• C)A firm competing in an auction to purchase exclusive licenses to sell in a market.
• D)A firm increasing production when the price for it product increases.

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Definitions:

Authorization Cards

Documents signed by employees indicating their desire for a union to represent them in collective bargaining.

Representation Election

A voting process used in workplaces to determine whether employees wish to be represented by a labor union.

Replacement Workers

Employees who are hired to fill the positions of workers who are unavailable to work due to reasons such as strikes or extended leave.

Production Output

The total amount of goods or services produced by a company or industry within a specific period.