Rent seeking
A)is the attempt to find apartments in a rent-controlled city
B)only makes sense in a monopolistically competitive industry
C)is a zero-sum game because the public's loss is the rent seeker's gain
D)is the expenditure of resources to obtain favorable treatment from government
E)occurs because of cyclical majority

Question

Quizplus · Accepted Answer

Rent seeking refers to the behavior of individuals or firms who use resources to seek out and obtain special treatment from the government, such as favorable tax treatment or regulatory exemptions, in order to increase their own profits. It is a form of economic rent, where one group gains at the expense of others.

Rent Seeking