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D Question 12 1 pts An unintended consequence of rent seeking may be O lower marginal revenue from reduced demand. O lower fixed costs of
D Question 12 1 pts An unintended consequence of rent seeking may be O lower marginal revenue from reduced demand. O lower fixed costs of production for the monopolist. higher average total costs of production. O higher prices that the monopolist can charge customers. D Question 13 1 pts A monopolist lobbies the government and regulators in order to O maintain or increase barriers to entry. O increase the marginal cost of producing products. keep prices in the market artificially low. O reduce the length of patents and copyrights. D Question 14 1 pts When a monopolist spends to lobby the government and regulators an unintended result is O marginal revenue may decrease. O average total costs of production may decrease. O profits may actually decrease. O more firms may ultimately enter the market
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