Efforts by a firm to obtain a monopoly
A) are called price discrimination.
B) increase consumer surplus.
C) are called rent seeking.
D) are called price taking.

Question

Quizplus · Accepted Answer

Efforts by a firm to obtain a monopoly are called rent seeking, which involves activities aimed at gaining economic advantage through manipulation or exploitation of the economic environment rather than through trade and production of added value.

Efforts by a Firm to Obtain a Monopoly