The maximum amount a rent seeker would pay for a monopoly is the
A) market price.
B) deadweight loss.
C) monopoly's economic profit.
D) monopoly's normal profit.

Name: The maximum amount a rent seeker would pay for a monopoly is the A) market price. B) deadweight loss. C) monopoly's economic profit. D) monopoly's normal profit.
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Question

Quizplus · Accepted Answer

A rent seeker would be willing to pay up to the monopoly's economic profit, as this represents the additional profit they could earn by controlling the monopoly.

The Maximum Amount a Rent Seeker Would Pay for a Monopoly