Business, 15.04.2020 00:18 katelynn73

Define rent seeking. Rent seeking is attempting to transfer surplus from one group to another, for firms it usually involves: restricting supply in order to increase price. restricting supply in order to decrease price. increasing supply in order to decrease price. increasing supply in order to increase price. Do firms have a greater incentive to engage in rent-seeking behavior when demand is elastic or when it is inelastic?

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Define rent seeking. Rent seeking is attempting to transfer surplus from one group to another, for f...

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