Read the following scenario and then answer the question below.
In a small state named Politix, Corporation X has just bribed local officials in order to "win" a large contract. Which of the following apply to this scenario? Check all that apply.
Economic efficiency will decrease as the corporation spends on bribery instead of production.
By taking bribes, the local officials are ensuring that the most efficient corporation is receiving the contract.
This is an example of government inefficiency.
This is an example of rent-seeking.