Rent seeking activities by special interest groups result in

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Rent seeking activities refer to the attempts made by individuals or special interest groups to secure benefits or privileges for themselves through the political process. This often results in diverting scarce resources away from their most productive uses, leading to lower economic activity and growth. As a result, B is the best choice as it correctly explains how such activities are detrimental to the economy.

Rent Seeking Activities by Special Interest Groups Result in