Firms Hiring Lobbyists to Keep Out New Entrants and Avoid

question 162

Multiple Choice

Firms hiring lobbyists to keep out new entrants and avoid competition is an example of

• A) regulatory restrictions.
• B) economies of scale.
• C) marginal cost pricing.
• D) rent seeking.

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Definitions:

Continental Crust

The relatively thick part of the Earth's crust that forms the large landmasses. It is generally older and more complex than the oceanic crust.

Elevation

The height of a point or object above a reference level, typically above sea level.

Stretched

In geological contexts, stretched refers to the extension or elongation of the Earth's crust as a result of tectonic activities, leading to the formation of features such as rift valleys.

Erode Material

Refers to substances or objects that have experienced erosion, the process where natural forces like water and wind remove soil, rock, or dissolved material from one location and then transport it to another.