Any attempt to capture a consumer surplus, a producer surplus, or an economic profit is called
A) profit-maximizing.
B) rent-seeking.
C) price discriminating.
D) efficiency gain.

Question

Quizplus · Accepted Answer

Rent-seeking refers to activities aimed at capturing economic surplus or profit without creating new wealth, often through manipulation or exploitation of the economic environment.

Any Attempt to Capture a Consumer Surplus, a Producer Surplus