Why would individual or firm engage in rent seeking behavior, Microeconomics

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Why would individual or firm engage in rent seeking behavior

Problem

Why would individuals or firms engage in rent seeking behavior? How much will they spend on such behavior? Are there externalities associated with rent seeking?

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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Microeconomics: Why would individual or firm engage in rent seeking behavior

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Microeconomics: Why would individual or firm engage in rent seeking behavior

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