Explains why big business typically spends

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Reference no: EM13686092

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.

Reference no: EM13686092

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