Which of the Following Is an Example of Rent Seeking

question 176

Multiple Choice

Which of the following is an example of rent seeking behavior?

• A)Apple earned large profits from the development and sale of the iPhone.
• B)Amazon introduced the Kindle to compete with Sony's Digital Reader. Amazon was motivated by the desire to earn profits from the Kindle but also increased the choice of digital music players available to consumers.
• C)U.S. sugar firms convinced Congress to impose a quota on imports of sugar.
• D)Recent increases in cigarette taxes faced little opposition from voters, many of whom were rationally ignorant with respect to the tax.

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Information or material that is not permitted to be presented to the jury or decision-makers in a legal proceeding due to rules of evidence or prior legal decisions.

Criminal Activities

Illegal actions that are punishable by law, such as theft, fraud, or assault.

Confidential

Information or material meant to be kept secret or private, often protected by legal or contractual agreement.

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