When firms use resources in an attempt to secure and maintain grants of market protection from the government, it is called
A) rent-seeking.
B) collusion.
C) franchising.
D) resource investment.

Question

Quizplus · Accepted Answer

Rent-seeking is the activity of using resources to obtain economic gains from others without reciprocating any benefits back to society through wealth creation. This often involves efforts to secure government grants or protections.

When Firms Use Resources in an Attempt to Secure and Maintain