Rent-seeking is profiting from position without adding value. Rent-seeking is not merely pricing your product as high as the market will bear. Ticketmaster ad

Rent-seeking is profiting from position without adding value. Rent-seeking is not merely pricing your product as high as the market will bear. Ticketmaster adds value. They just charge exorbitant fees. ... Edit: But OK, you can argue that their full vertical integration (ticketing-venue-artist management) is maximizing their position for the furtherance of increasing their fees, and that would be rent-seeking. I don't see it that way, but I won't argue against interpreting them as a coercive monopolist, which is close enough.