Asked by
Reagan Bahrke
on Nov 05, 2024
Verified
AARP lobbies aggressively for the interests of retired persons. For example, AARP has been instrumental in obtaining medical benefits for senior citizens. Such behavior on the part of AARP is called
A) government failure.
B) discrimination.
C) consumer loss.
D) rent-seeking behavior.
Rent-Seeking Behavior
Activities aimed at increasing one's share of existing wealth without creating new wealth, often through manipulating the social or political environment.
- Gain insight into the principles of rent-seeking behavior in relation to monopoly contexts.
Verified Answer
RN
Learning Objectives
- Gain insight into the principles of rent-seeking behavior in relation to monopoly contexts.