1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anika [276]
3 years ago
8

Define rent seeking. Rent seeking is attempting to transfer surplus from one group to another, for firms it usually involves: re

stricting 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?
Business
1 answer:
murzikaleks [220]3 years ago
6 0

Answer:

For firms, Rent Seeking usually involves: <u>restricting supply in order to increase price</u>

Explanation:

An example of rent-seeking in a modern economy is spending money on lobbying for government subsidies in order to be given wealth that has already been created, or to impose regulations on competitors, in order to increase market share.

A rent seeking firm have a greater incentive to engage in rent-seeking behavior when demand is elastic because the restriction imposed on competitors will not affect the demand for the goods.

You might be interested in
A customer comes into your shop carrying a gorgeous oval bowl. It’s very large and low, and has a pale gray crackled glaze. He t
ivann1987 [24]
<span>To keep the tulips from bending as they often do, you tie them with raffia, a technique known as B. skeletonizing

This type of technique helps the flowers be tied together. The raffia is used like a skeleton for the flowers to stand straight. It supports the tulips, preventing them from bending. </span>
8 0
3 years ago
Read 2 more answers
On july 25, henry company's accountant prepared a check for august's rent payment. henry company mails the checkon july 27 to th
erastovalidia [21]
<span>Henry Company should record the rent expense on August 2. Although the check was prepared on July 25 and mailed on July 27, it should not be recorded until the check is actually cashed.</span>
4 0
3 years ago
All of the following are technical problems that the designers of MMOG must address and solve EXCEPT ____.
Katarina [22]

They are in charge of making sure the game's graphics aren't too complex for the user base.

What is game's graphics?

Throughout the history of video games, a variety of computer graphic approaches have been employed to display game content. The supremacy of specific methodologies has changed over time, mostly as a result of hardware developments and limitations such those imposed by central or graphics processing units.

Learn more about game's graphics with the help of given link:-

brainly.com/question/27112141

#SPJ4

5 0
2 years ago
Many politicians have degrees in business or law. true or false?
Andrei [34K]

The answer is mostly True.

4 0
3 years ago
Kasapreko Company Limited is a wholly Ghanaian-owned company with branches in Nigeria, South Africa and Germany. With relevant e
Tema [17]

Answer:

Explanation:

It should be understood that Kasapreko company limited is a Ghanian company that specialises in the production of herbal beverage products.

And the primary aim or goal of the company is to be able to have branches in every country of the world. But before this could be achieved, the company must be able to meet the demands of its country of production, and be able to attain or collect the necessary documents that will allow it to have branches outside the country it was founded. It must also be able to acquire the necessary licenses to operate in its desired countries.

Presently, the company has branches in countries like Nigeria and South Africa.

7 0
3 years ago
Other questions:
  • Margie received her store order on 12 3 16 at 4:00 a.M. She just opened one of the fountain bibs today 12 7 16 at 12:00 p.M. The
    15·1 answer
  • The 2013 annual report of Oracle Corporation included the following information relating to their allowance for doubtful account
    15·1 answer
  • Lobbying is a. an attempt by an individual or group to influence the passage of legislation by exerting indirect pressure, throu
    10·2 answers
  • Listed below are a few transactions and events of Piper Company. Piper Company records a year-end entry for $10,000 of previousl
    10·1 answer
  • Reuben Rubino is a Tax Professional working during the Emerald Advance offer period before tax season starts. He has taken and p
    13·1 answer
  • Jim and Sue were going to be married and were very much in love. Before the wedding date, they went out for coffee and orally ag
    8·1 answer
  • Colley Company uses the allowance method for bad debts and has the following information before the year end adjusting entry: Ac
    11·1 answer
  • 25
    7·2 answers
  • Roger purchased a stock for $16 a share. The stock paid a $1 annual dividend and increased in price by $2 a year for the followi
    14·1 answer
  • Carlos opens a dry cleaning store during the year. He invests $30,000 of his own money and borrows $60,000 from a local bank. He
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!