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

Question

Quizplus · Accepted Answer

Rent seeking is an additional social cost of monopoly because it involves resources being used to secure economic gains without creating new wealth, leading to inefficiencies and a loss of social welfare.

Rent Seeking