Which of the following best describes the book's analysis of rent$-$seeking?

Gruppe af svarmuligheder

It is the public$-$sector equivalent to profit$-$seeking and so is just as valid.

It simply represents a redistribution of wealth and so is of little concern.

Since both major parties have promised to stop doing it$,$ it is now mostly irrelevant.

It uses resources that could have been devoted to productive activity and so it makes the economy poorer.