In the year 2576,intergalactic travel is possible.A firm on Earth,Plantorium,produces 95% of Earth's jetpacks.A planet with easy access to Earth,Xerckyia,is coming out with new technology that will allow it to produce jetpacks at a lower cost.Describe a scenario in which Plantorium will engage in rent seeking.

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The Answer of In the year 2576,intergalactic travel is possible.A firm on Earth,Plantorium,produces 95% of Earth's jetpacks.A planet with easy access to Earth,Xerckyia,is coming out with new technology that will allow it to produce jetpacks at a lower cost.Describe a scenario in which Plantorium will engage in rent seeking.

In the Year 2576,intergalactic Travel Is Possible