Any activity designed to transfer income or wealth to a particular individual or firm at society's expense is called
A) patent protection.
B) X-inefficiency.
C) price discrimination.
D) rent-seeking.

Question

Quizplus · Accepted Answer

Rent-seeking refers to activities that are designed to transfer income or wealth to a particular individual or firm at society's expense. This can include lobbying for favorable legislation, obtaining subsidies or tax breaks, or manipulating regulations to create barriers to entry for potential competitors.

Any Activity Designed to Transfer Income or Wealth to a Particular