Multiple Choice
The capture theory of regulation implicitly holds that
A) the members of a regulated industry have a stronger incentive to attend regulatory meetings than taxpayers and consumers.
B) regulators will always do what they think is in the public's best interest.
C) regulatory lag is often longer than most people think.
D) b and c
E) a, b, and c
Correct Answer:
Verified
Correct Answer:
Verified
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