Question: How does rent seeking differ from the usual profit seeking? Multiple choice question. Rent seeking attempts to decrease competitors' profits rather than increase the firm's

How does rent seeking differ from the usual profit seeking? Multiple choice question. Rent seeking attempts to decrease competitors' profits rather than increase the firm's profits. Rent seeking entails adjusting output levels, improving products and incorporating cost-saving technologies. Rent seeking attempts to increase revenues, while profit seeking seeks to increase revenues. Rent seeking looks to increase profits by influencing government policies

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