Methods of rent seeking include which of the following? I. Buying a monopoly
II) Creating a monopoly
III) Price discrimination
A) I and II
B) I and III
C) II and III
D) III only

Question

Quizplus · Accepted Answer

Rent seeking involves activities aimed at gaining economic advantage without reciprocating any benefits back to society. Buying or creating a monopoly are methods of rent seeking as they aim to secure exclusive control over a market. Price discrimination, however, is a pricing strategy rather than a rent-seeking activity.

Methods of Rent Seeking Include Which of the Following? I