Firms that strive to avoid competition are called
A) rent seekers.
B) venture capitalists.
C) start-ups.
D) multinationals.

Question

Quizplus · Accepted Answer

Rent seekers are firms or individuals that seek to gain added wealth without any contribution to productivity, often by trying to manipulate the social or political environment in which they operate to increase their own wealth. This can include efforts to limit competition.

Firms That Strive to Avoid Competition Are Called