Rent seeking: a. occurs when the seller charges different prices for the product it sells b. occurs when the seller charges the highest price each consumer would be willing to pay for the product c. occurs when the seller charges a uniform price per unit for one specific quantity, a lower price for an additional quantity, etc. d. is when the seller pursues activity directed toward obtaining and/or maintaining monopoly status in an attempt to earn monopoly profit. Collusive tendencies exist: a. in an oligopoly market structure only b. in both monopolistic competition and oligopoly market structures c. only in the case of a monopoly market structure d. exist in all market structures A perfectly competitive firm possesses market power, while a monopolist possesses market power. a. a high degree of; no b. no; a high degree of c. no; no d. a high degree of; a high degree of If we compare a perfectly competitive firm and a single-price monopolist, then: a. the competitive firm will produce a greater output and charge a lower price than the monopolist will b. the competitive firm will produce a greater output and charge the same price as the monopolist will c. the competitive firm will produce a greater output and charge a higher price than the monopolist will d. the competitive firm will produce a smaller output and charge a higher price than the monopolist will 2. If we compare a perfectly competitive firm and a single-price monopolist, then: a. the competitive firm will attain resource allocation efficiency but the monopolist will not b. the competitive firm will attain resource allocationefficiency but the monopolist may or may not depending upon the demand for its product c. the competitive firm will not attain resource allocationefficiency but the monopolist will d. both the competitive firm and the monopolist will attain resource allocationefficiency 0.1&permmsgid=msg-f: 1685886767735854397&th=17657915426d553d&view=att&disp=safe&realattid=f_kilusm3u0