Which of the following explains why big business typically, Ask an Expert

Economics

Which of the following explains why big business typically spends more on rent-seeking activities than customers?

1. Labor unions in the involved firms.

2. Lobbying is a public good to businesses.

3. Lobbying is a public good to consumers.

4. Lobbying is a public good to businesses and labor unions in the involved firms.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91225857

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