Usury laws are associated with

Which of the following would be considered rent-seeking activity?

a. A software firm using lawsuits to drive competitors out of business. b. A technology firm investing in extremely expensive capital equipment. c. A large firm trying to charge lower prices than its competitors. d. An auto manufacturer using features and styling to differentiate its models from its competitors'.

Which of the following can a firm do in the long run but not in the short run?

A) decrease the size of its physical plant B) reduce its rate of output by laying off workers C) increase its variable costs D) increase its use of raw materials