Why does rent seeking imply that the traditional measure, Microeconomics

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Why does rent seeking imply that the traditional measure

Problem

Why does rent seeking imply that the traditional measure of deadweight loss from tariffs and quotas will likely understate the true deadweight loss to society?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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