If rent seeking was, on average, a losing proposition, _____. a. rent

If rent seeking was, on average, a losing proposition, _____.

a. rent seekers would exit rent seeking until losses from rent seeking equaled zero
b. rent seeking would stop because it was no longer profitable
c. rent seekers would increase competition for scarce benefits
d. rent seeker would exit rent seeking until there is a normal rate of return to rent seeking

ANSWER

d