Rent seeking is an attempt to
A. use the government for individual benefit at the expense of others. Regulatory capture is an example of this, where a regulatory agency makes decisions benefiting the firm being regulated.
B. use the government to improve economic efficiency. Regulatory capture is an example of this, where a regulatory agency improves economic efficiency.
C. use the government for individual benefit at the expense of others with rational ignorance. Regulatory capture seeks to achieve the same objective with logrolling.
D. use the government to improve economic efficiency. Regulatory capture is an example of government failure, where the government reduces economic efficiency.
E. represent underlying voter preferences with majority voting. Regulatory capture is an attempt to represent underlying voter preferences with government regulations.
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