Steel producers lobbying to keep imports out is an example of:

Question

Quizplus · Accepted Answer

Rent-seeking behavior refers to activities aimed at increasing one's share of existing wealth without creating new wealth. Steel producers lobbying to keep imports out are seeking to protect their market share and profits by influencing government policy, rather than by improving efficiency or product quality. This does not necessarily create new wealth but redistributes income in their favor, fitting the definition of rent-seeking.

Steel Producers Lobbying to Keep Imports Out Is an Example