Rent-seeking behaviour refers to the resources spent by companies in trying to achieve monopoly status.

Name: Rent-seeking behaviour refers to the resources spent by companies in trying to achieve monopoly status.
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Rent-seeking behaviour is the expenditure of resources by firms to obtain monopoly power over a market or increase their market share. This can lead to a decrease in economic efficiency and an increase in consumer prices.

Rent-Seeking Behaviour Refers to the Resources Spent by Companies in Trying