Rent seeking implies that the loss to society from monopolies established by the government is much greater than the deadweight loss because of all the money wasted on

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Rent seeking is the act of seeking to increase one's share of existing wealth without creating new wealth. In the case of monopolies established by the government, firms may spend money on lobbying and other efforts to obtain monopolistic privileges, which creates a deadweight loss for society. This loss is compounded by the additional resources wasted on rent-seeking activities, making option B the best choice. Options A and C are not relevant to this concept.

Rent Seeking Implies That the Loss to Society from Monopolies