Part 1: Describe rent-seeking in your own words. DO NOT CUT AND PASTE or plagiarize. If you are not familiar with the term Investopedia and Wikipedia and others have solid definitions.
Part 2: Identify how an individual entrepreneur can pursue rent-based gains. Use an actual or fictional example to illustrate.
Part 3: Identify how a major corporation or industry can pursue rent-based gains. Use an actual or fictional example to illustrate.
