Question

The underlying principle of the rent chain is that ________.

a) the greater the rents affected by a nonmarket issue, the lower are the incentives to take nonmarket action to obtain or protect those rents

b) the lower the rents affected by a nonmarket issue, the greater are the incentives to take nonmarket action to obtain or protect those rents

c) the rents affected by a nonmarket issue are independent of the incentives to take nonmarket action to obtain those rents

d) the greater the rents affected by a nonmarket issue, the greater are the incentives to take nonmarket action to obtain or protect those rents

Answer

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