Biology Forums - Study Force

In the case of rent-seeking behavior in a monopoly market
A) the net loss to society is the same as it would have been in the absence of rent-seeking behavior.
B) monopoly profit is higher than if the monopolist did not engage in rent-seeking behavior, but the net loss to society is lower.
C) the net loss to society is greater than it would have been in the absence of rent-seeking behavior.
D) the net loss to society is less than it would have been in the absence of rent-seeking behavior.

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