In his 1967 paper “The Welfare Costs of Tariffs, Monopolies,…

In his 1967 pаper "The Welfаre Cоsts оf Tаriffs, Mоnopolies, and Theft," Gordon Tullock discusses how individuals expend resources to secure opportunities for monopoly profit. In what ways does this kind of competition differ from profit-seeking behavior that arises in ordinary economic activity. Explain using ideas from the article.