The Public Interest Theory of Regulation Holds That

Multiple Choice

The public interest theory of regulation holds that

A) regulators are seeking to do and will do through regulation what is in the best interest of the public or society at large.
B) even though regulators seek to do what is in the best interest of the public at large, through regulation they end up doing what is in the best interest of the special interests of the industry that is being regulated.
C) even though regulators seek to do what is in the best interest of special interests of the industry that is being regulated, through regulation they end up doing what is in the best interest of the public at large.
D) regulators are seeking to do and will do through regulation what is in the best interest of the special interests of the industry that is being regulated.