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Rent-Seeking Is Said to Be Socially Wasteful Because

Question 176

Multiple Choice

Rent-seeking is said to be socially wasteful because


A) the rent seekers compete too fiercely with each other.
B) resources that are used to seek rents don't end up helping anyone in society.
C) the rent seekers usually end up spending too much to get what they want.
D) resources that are used to seek rents can't be used to produce goods and services.
E) none of the above

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