All of these are examples of rent-seeking behavior EXCEPT
A) lobbying.
B) extending patents.
C) product differentiation.
D) restricting licenses.

Question

Quizplus · Accepted Answer

Rent-seeking behavior involves seeking to increase one's share of existing wealth without creating new wealth. Product differentiation, unlike lobbying, extending patents, or restricting licenses, is a competitive strategy aimed at creating new value or appeal in products, not merely extracting more wealth from existing markets without adding value.

All of These Are Examples of Rent-Seeking Behavior EXCEPT