_____ is an activity that is done with the goal of obtaining special privileges from the government.
A) Profit maximization
B) Rent seeking
C) Deadweight gain
D) Allocative efficiency

Question

Quizplus · Accepted Answer

Rent seeking is the activity of trying to increase one's share of existing wealth without creating new wealth, often by trying to obtain special privileges from the government, such as subsidies, tariffs, or regulations that benefit one group at the expense of others.

_____ Is an Activity That Is Done with the Goal