Multiple Choice
Which is not an example of rent seeking?
A) Lobbying by industrial groups for special income tax reductions.
B) Lawsuits filed by a firm to keep a competitor from selling similar products.
C) A firm competing in an auction to purchase exclusive licenses to sell in a market.
D) A firm increasing production when the price for it product increases.
Correct Answer:
Verified
Correct Answer:
Verified
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