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Business, 18.09.2021 02:50 recon12759

Rent seeking is multiple choice 1 an appeal to government for special benefits at the taxpayers' or someone else's expense. an appeal to government for special taxes to be applied to a certain group of firms. charging higher rents for properties in high demand. an effort to get a share of a government contract. b. Rent seeking is different from profit maximization because rent seeking multiple choice 2 increases both revenue and cost, so its influence on profit is unclear. attempts to increase profit by influencing the political process. is an effort to minimize cost, not maximize profit. attempts to increase profit by raising rents, not by producing a product. c. An example of rent seeking is multiple choice 3 a domestic industry group using resources to try to block imports. a firm using resources to try to develop new technologies. a professional organization trying to establish a new membership base. a neighborhood association establishing restrictions on traffic patterns. d. Elected officials often accommodate rent-seeking behavior, particularly by special-interest groups located in their home states, because these groups multiple choice 4 are the only groups allowed to appeal to elected officials. support the elected officials with financial and nonfinancial resources. represent all voters. are the largest voting block.

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