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    Microeconomics Study Set 2
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    Exam 18: Public Choice, Taxes, and the Distribution of Income
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    Rent-Seeking Behavior, Unlike Profit-Maximizing Behavior in Competitive Markets, Wastes Society's
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Rent-Seeking Behavior, Unlike Profit-Maximizing Behavior in Competitive Markets, Wastes Society's

Question 50

Question 50

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Rent-seeking behavior, unlike profit-maximizing behavior in competitive markets, wastes society's scarce resources.

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