What is meant by rent-seeking?
A) It refers to the loss in consumer surplus due to monopoly power in a market.
B) It refers to the collusive practices undertaken by dominant firms in an oligopoly.
C) It refers to the excess profits that are associated with a monopoly.
D) It refers to activities that are directed towards securing a monopoly position.
E) It refers to the economic rent that is secured by monopoly firms.
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