_____ is behavior in which resources are expended to protect a monopoly position.
A) Competition
B) Rent seeking
C) Price discrimination
D) Product differentiation

Question

Quizplus · Accepted Answer

Rent seeking is the activity of spending resources to maintain an economic position without creating new wealth or value, often through lobbying or other non-productive means, to protect a monopoly or any advantageous economic position.

_____ Is Behavior in Which Resources Are Expended to Protect