In the context of crony capitalism, how does rent-seeking behavior differ from creative destruction, and what is its primary effect on economic efficiency?

A) Rent-seeking and creative destruction both involve lobbying for special privileges, with the primary difference being the industries that benefit from such privileges.

B)Rent-seeking promotes efficiency by allocating resources to the most productive firms, while creative destruction reduces efficiency by eliminating well-established industries.

C)Rent-seeking encourages innovation by allowing firms to capture additional profits, while creative destruction discourages innovation by eliminating potential competitors.

D) Rent-seeking involves lobbying for special privileges, which stifles innovation and reduces efficiency, while creative destruction allows for the replacement of outdated industries with innovative ones, promoting efficiency