Rent seeking
A) is an additional social cost of monopoly.
B) is beneficial to society.
C) is only a problem in the commercial real estate market.
D) helps employ resources that would otherwise be unemployed.

Question

Quizplus · Accepted Answer

Rent seeking is considered an additional social cost of monopoly because it involves efforts to capture economic rents or profits not through productive activities but through manipulation or exploitation of the economic environment, often leading to inefficiencies and a misallocation of resources.

Rent Seeking