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Author Question: Which of the following statements about rent seeking is false? A) A person is engaging in ... (Read 18 times)

tfester

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Which of the following statements about rent seeking is false?
 
  A) A person is engaging in rent-seeking behavior when he uses the political process to acquire ownership of a resource that belongs to the public.
  B) If a firm can benefit from government intervention in the economy, it is more likely to spend resources attempting to secure this intervention than toward innovating its product to gain a competitive edge in the market.
  C) Because rent seeking redistributes society's resources, anyone engaging in such behavior is violating the law.
  D) Rent seeking often involves governments because governments transfer huge amounts of funds that economic agents must compete for.

Question 2

Refer to Figure 12-9. Identify the firm's short-run supply curve.
 
  A) the marginal cost curve B) the marginal cost curve from a and above
  C) the marginal cost curve from b and above D) the marginal cost curve from d and above


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Hdosisshsbshs

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tfester

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Reply 2 on: Jun 29, 2018
Excellent


tranoy

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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