Firms that expend resources for lobbying that could have been used for productive services are engaging in rent-seeking behavior.

Name: Firms that expend resources for lobbying that could have been used for productive services are engaging in rent-seeking behavior.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Rent-seeking behavior involves using resources to gain economic advantage through manipulation or exploitation of the political environment, rather than through productive economic activities.

Firms That Expend Resources for Lobbying That Could Have Been