Assume that the owners of the only gambling casino in Wisconsin spend large sums of money lobbying state government officials to protect their gambling monopoly. Economists refer to these expenditures as

A) rent-seeking.
B) price discrimination.
C) X-efficiency.
D) network effects.

Rent-seeking

The practice of individuals or firms leveraging their resources to obtain economic gains without reciprocating any benefits back to society through wealth creation.

Gambling Monopoly

A situation where a single entity controls the provision of all gambling services and activities within a particular jurisdiction.