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

question 32

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

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