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Rent-seeking behavior results in
a)increased economic activity by promoting efficiency
b)lower economic acitivity by diverting resources to less-productive uses
c)a more equitable distributionof income and wealth
d)lower prices throughout the economy
e)greater income and wealth in the private sector
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Suppose that the rate of depreciation as well as the rate of saving are each .10. Also assume that there is no technological nor population growth.
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