The Capture Theory of Regulation, Espoused by George Stigler, Asserts

Multiple Choice

The capture theory of regulation, espoused by George Stigler, asserts that

A) consumers "capture" regulatory agencies so that regulation favors consumers
B) producers "capture" regulatory agencies so that regulation favors producers
C) regulators "capture" producers and limit their market power
D) consumers "capture" some consumer surplus lost to monopoly
E) consumers and producers work together to "capture" regulatory agencies in order to achieve more desirable regulation