The attempt to capture consumer surplus, producer surplus, or economic profit is called
A) a natural monopoly.
B) price discrimination.
C) rent seeking.
D) gouging.

Name: The attempt to capture consumer surplus, producer surplus, or economic profit is called A) a natural monopoly. B) price discrimination. C) rent seeking. D) gouging.
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Question

Quizplus · Accepted Answer

Rent-seeking is the attempt to capture consumer surplus, producer surplus, or economic profit through political means, rather than through market competition.

The Attempt to Capture Consumer Surplus, Producer Surplus, or Economic