"Rent seeking" hurts the economy because:
A) it drives the cost of housing up, exacerbating homelessness and the number of people seeking government help
B) it drives the cost of housing down, decreasing the profit margins of real estate companies
C) it transfers money into pockets of the dominant coalition's supporters rather than into the most efficient economic uses of the money
D) it increases inflation
E) it encourages honesty in government
Correct Answer:
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