Rent seeking is A spending money in socially unproducitive e

Rent seeking is

A.

spending money in socially unproducitive efforts to? acquire, maintain, or exercise monopoly.

B.

a seller affecting the price of a good.

C.

one firm consistently following the actions of another.

D.

charging the maximum price allowed by a regulatory agency based on a? firm\'s expected rate of return.

E.

gaining additional benefit derived from purchasing one more unit of a good.

Solution

Answer is A. Spending money in socially unproductive efforts to acquire, maintain or exercise monopoly.

Explanation:

Rent seeking is mainly a situation where the individual or firm use the social resources for its own individual benefit only and does not make any contribution towards the benefit of society as a whole.