Exam 9: Regulatory Administration: An Illustration of Management, Politics, and Law in the Public Sector

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Deregulating surrogate markets while strengthening antitrust regulation is thought by some to be

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The Enron debacle led to

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According to the discussion of regulatory commissions, the chief ethos of "political hacks" has favored the avoidance of making enemies.

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The capture theory of regulation was first developed by Ralph Nader.

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In our society, growing intolerance of risk and the diminished reliance on personal responsibility have shifted the focus of regulatory activities from surrogate market regulation toward environmental, health, and safety regulation. What problems can you foresee with this trend? What are some of the possible advantages of such a shift in focus?

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