An example of rent-seeking behavior would be:
a. streamlining production processes.
b. lobbying legislators in charge of drafting business legislation.
c. engaging in price discrimination.
d. keeping prices below the profit maximizing level.
b
You might also like to view...
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
Which of the following is an example of a positive externality?
A) banning the sale of junk food on Sundays B) living next door to a dairy farm C) purchasing a pinball machine for your game room D) planting trees along a sidewalk which add beauty and create shade
Which of the following would shift the supply curve for MP3 players to the left?
A) an increase in the price of an input used to produce MP3 players B) a decrease in consumer tastes for MP3 players C) an increase in the productivity of the workers who produce MP3 players D) an increase in the number of firms that produce MP3 players
Efficiency-wage theory suggests that paying
a. low wages might be profitable because they raise the efficiency of a firm's workers. b. low wages might be profitable because they lower the efficiency of a firm's workers. c. high wages might be profitable because they raise the efficiency of a firm's workers. d. high wages might be profitable because they lower the efficiency of a firm's workers.