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Anika [276]
4 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]4 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.

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What arethe involvement factors likely to be associated with buying a new computer?
Studentka2010 [4]

The involvement factors would be the price of the computer, the style, the model, and the things you could do with the computer.

8 0
4 years ago
Mack writes a check to his maid, Marianne, in payment for services rendered. Marianne indorses the check in blank and gives the
Minchanka [31]

Answer:

Explanation:

Mack, Marianne, and Martin

Explanation:

From the question, we are informed about, Mack who writes a check to his maid, Marianne, in payment for services rendered. Marianne indorses the check in blank and gives the check to her masseuse, Janet, in exchange for a neck massage. Without indorsing the check, Janet gives the check to Martin, her newspaper carrier in payment for the next four month's delivery charges. Martin indorses with a special indorsement and negotiates the check to his church, St. Mark. The church indorses the check and deposits it in its bank account. If Mack's bank later dishonors the check. In this case St. Mark's may look for recovery from Mack, Marianne, and Martin. This is because the check was endorsed by three of them and as a result of this anything that happened to the check may be it's not been accepted or other things, they will be held responsible for it since they signed at the back of the check.

5 0
3 years ago
if a group of private investors successfully borrowed a large sum of money and purchased the firm from its current owners, we wo
Vikentia [17]

The event is known as Leveraged buyout.

Leveraged buyout is used to describe a transaction where an organization is acquired by an individual or group of individuals, through debt gotten elsewhere.

  • In other word. when a company's acquires another company using a significant amount of borrowed money to meet the cost of acquisition, it is known as Leveraged buyout.

In conclusion, when this group of private investors in the question successfully acquired the firm from its current owners with borrowed money, then the event is known as Leveraged buyout.

Learn more about Leveraged buyout here

<em>brainly.com/question/7577815</em>

4 0
2 years ago
When does it make sense for government to interfere with a pure market outcome?
guajiro [1.7K]
There are several situations when the government has to interfere with a pure market outcome. If the price of a product rises without any significant cause or if there is more supply than demand of a market, then the government can put a price ceiling or floor price of a product. This is purely to keep the economy of a country or state stable.
5 0
3 years ago
______ is a natural ability to understand and/or perform in a particular area.
kifflom [539]

Answer:

Aptitude

Explanation:

Aptitude is the inborn potential to perform well in certain areas.  It is a talent that makes an individual good in a particular discipline. Aptitude includes natural abilities to acquire knowledge or engage in physical activities. In other words, aptitude includes both mental and physical capabilities. Aptitude enables easy training or development of an individual in the areas where they are gifted.

6 0
3 years ago
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