Suppose the $500 000 of lobbying does lead to a change in government policy . Now...
Suppose the $500 000 of lobbying does lead to a change in government policy . Now what is the social cost of the rent seeking ?
Homework Answers
solution:
A.Economists call such campaigning rent looking for in light of the fact that legislature need to pay for such intercession by method of subsides.Also there is no profitability required by the organisations they simply need motivations to expand their piece of the pie and serious angle
B.The social expense of lease looking for is nil as government doesn't regard to the solicitation for lease chasing
C.In this case there is social expense of lease looking for which is worth more than $500,000 as people and firms for the most part spend a limited quantity to pick up quantum advantage over the long haul through such lease looking for methods
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