Rent-seeking behavior imposes no costs on society.

Name: Rent-seeking behavior imposes no costs on society.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Rent-seeking behavior involves individuals or firms seeking to gain profits or advantages through manipulating the economic and political environment rather than creating value through productive activities. This can result in higher prices, reduced competition, and inefficient allocation of resources, imposing costs on society as a whole.

Rent-Seeking Behavior Imposes No Costs on Society