Rent Seeking

question 24

Multiple Choice

Rent seeking

• A)is a variable cost and with rent seeking the monopoly becomes more efficient.
• B)decreases average total cost and with rent seeking the monopoly becomes more efficient.
• C)increases deadweight loss above the original monopoly deadweight loss,but the monopoly continues to produce the same inefficient quantity.
• D)decreases consumer surplus and with rent seeking the monopoly becomes more efficient.
• E)decreases deadweight loss.

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