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sinerus sinerus
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6 years ago
The term "rent seeking" best describes a situation in which
A) firms use resources to secure or preserve a monopoly in providing a good or service.
B) consumers compete for a limited quantity of the good.
C) individuals expend effort searching for a good price on an apartment.
D) None of the above are good descriptions of rent-seeking behavior.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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tristiontristion
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6 years ago
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sinerus Author
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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