Rent seeking
A) frees scarce resources that could otherwise have been employed in the production of goods and services.
B) cannot take the form of lobbying for government- imposed import restrictions.
C) increases the social cost of monopoly.
D) None of the above answers is correct.

Question

Quizplus · Accepted Answer

Rent seeking increases the social cost of monopoly by using resources to secure economic gains without creating new wealth, often through lobbying or other non-productive activities.

Rent Seeking