Which of the Following Statements Is True

Multiple Choice

Which of the following statements is true?

A) The motivation for rent seeking is not the same as the motivation for profit seeking.
B) Economic rent is a payment in excess of opportunity cost.
C) The deadweight loss triangle is not considered the graphic representation of one of the costs of monopoly; instead, it is one of the costs of not having a monopoly.
D) Rent seeking is almost always an irrational activity as far as the rent seekers are concerned.
E) a and d