Economic rent is practiced more commonly in a legal environment. Rent-seeking is unjust and unearned because it thwarts legitimate competition by artificially stifling the market.

a. Supported by some theories, explain rent-seeking in public finance with example.

b. Analyse positive and negative of rent-seeking?

c. Suggest THREE (3) prescriptive measures to mitigate rent-seeking behaviour among public official and what are their strength and limitation?