A player's strategy is a game plan when decisions are interdependent

In an increasing-cost industry, the long-run market supply curve is

a. horizontal b. vertical c. upward sloping d. downward sloping e. nonexistent

Which of the following is true?

a. The resources used by special-interest groups to persuade elected officials to create legislation to increase their wealth are productive to society because they increase real output. b. The resources used by special-interest groups to persuade elected officials to create legislation to increase their wealth are unproductive to society because they do not increase real output, and usually end up reducing it. c. Special-interest legislation created through rent-seeking activity usually creates widespread benefits for the rest of the society. d. Special-interest legislation confers concentrated benefits on one group by imposing concentrated costs on another group.