basic insight was that in the process of seeking rents, the rent seekers make expenditures that not only reduce some of the gains to the beneficiaries of rent seeking but also waste resources.Blank basic insight was that in the process of seeking rents, the rent seekers make expenditures that not only reduce some of the gains to the beneficiaries of rent seeking but also waste resources. Group of answer choices Joseph Schumpeter's Karl Marx's Gordon Tullock's Adam Smith's