Rent-seeking occurs when:
resources are used to deregulate a market through the political process.
resources are used to maximize profits.
resources are used to secure monopoly rights through the political process.
two firms try to enter the same market.
landlords attempt to raise the rent on tenants.
Answer
resources are used to secure monopoly rights through the political process.
This is basically the use of resources to obtain economic gain without reciprocating any benefits to society through wealth creation and an example is a monopoly gain
Explanation
generally, rent seeking is known to occurs when resources are used to secure monopoly rights through the political process and the attempt to gain monopoly power encourages rent seeking. Another example being when a company lobbies the government for loan subsidies, grants or tariff protection.
