Rent-Seeking Behavior: You have a monopoly position in a market where you earn an above normal "economic profit" of $2 million a year. This monopoly position is due to government regulation. How much would you be willing to contribute to political campaigns to maintain this market position? Note: economist view rent-seeking as a waste of society's resources as special interests, whether corporations, unions, or individuals, hire lobbyists, donate to campaigns, &etc., to gain advantage. Therefore, our elected representatives may not make decisions fully in accordance with the preferences of the citizens.

Question 15 options:

A) Up to $2 million I'd hate to do it, but all of that economic profit may disappear if the government changes the rules and allows competition.

B) $1 million maximum basically the $2 million dollars of economic profit is like "free money" and I'm not sharing it with any politican!

C) More than $2 million all decisions look at marginal benefit vs. marginal cost.