An example of rent seeking is
A)lobbying by industrial groups.
B)lawsuits between rival firms.
C)battles over exclusive licenses.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

Rent seeking refers to the use of resources to gain economic rent or rewards above what is necessary to maintain production or supply. Lobbying by industrial groups, lawsuits between rival firms, and battles over exclusive licenses are all examples of rent seeking because they involve firms or individuals using resources to gain an advantage over others rather than improving their production or efficiency. Thus, all of the above choices are correct.

An Example of Rent Seeking Is