Rent
Rent seeking:
a. involves resources paid to politicians to enhance one group at the expense of another.
b. results in less monopoly power.
c. results in externalities.
d. None of the statements are correct.
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rent seekinga involves resources paid to politicians to enhance one group at the expense of anotherb results in less
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neoclassical economics assumes rational behavior from actors consumers and suppliers as well as profit maximizing
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