Any activity designed to transfer income or wealth to a particular individual or firm at society's expense is called
A)patent protection.
B)X-inefficiency.
C)price discrimination.
D)rent-seeking.

Question

Quizplus · Accepted Answer

Rent-seeking is the activity where an individual or firm seeks to gain extra income or wealth without contributing to productivity or adding value to the economy, typically by exploiting the political environment to secure benefits at the expense of society.

Any Activity Designed to Transfer Income or Wealth to a Particular