_______ is defined as any attempt to capture consumer surplus, producer surplus or economic profit.
A) Search
B) Maximising monopoly profits
C) Rent seeking
D) Price discrimination

Question

Quizplus · Accepted Answer

Rent seeking is the practice of trying to increase one's share of existing wealth without creating new wealth. This can involve efforts to capture consumer surplus, producer surplus, or economic profit through various means, such as lobbying for special treatment or protections.

_______ Is Defined as Any Attempt to Capture Consumer Surplus