I would like to know what people (both buyers and sellers) consider to be a 'prebonsai'? How do you differentiate between a 'prebonsai' and regular nursery stock?

So you can name all the Chinese provinces? That and a dollar will get you a cup of coffee.

In other words, Jones' career and life may have been derailed because a game of telephone went bad.

Rent seeking, therefore, is rational for the individual as it increases individual accumulation (individual income and firm profits increase). From a societal perspective, rent seeking is irrational as resources are wasted by being diverted away from social accumulation for the sake of individual accumulation.