"Regulatory Capture" Refers to the Situation Where a Government Agency

Multiple Choice

"Regulatory capture" refers to the situation where a government agency charged with supervising and regulating a particular industry is

A) strongly influenced by the firms in the very industry that it is regulating.
B) headed by bureaucrats who have a "lock" on their positions, without any rivals.
C) completely dominating and controlling the actions of firms in the industry.
D) headed by unelected government officials who have no strong desire to regulate.