Activity aimed at creating artificial barriers to entry into a particular market
A) is rent seeking.
B) has no social cost.
C) improves competition.
D) improves the economy's efficiency.

Question

Quizplus · Accepted Answer

Rent seeking involves activities aimed at creating artificial barriers to entry, which can lead to inefficiencies and social costs by restricting competition and maintaining monopolistic advantages.

Activity Aimed at Creating Artificial Barriers to Entry into a Particular