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

Appreciate the cultural and societal changes in post-war America, including migration patterns and demographic shifts.

Analyze the influence of key international agreements and doctrines on the shaping of the post-war world order.

Understand the impact of the Berlin Airlift on US-German relations post-World War II.

Analyze the significance of the HUAC investigations and their effect on American politics and society.

---

Definitions:

Instrumental Traits

Characteristics or qualities that facilitate achieving goals, such as assertiveness or practicality.

Androgynous

A gender expression that combines or blurs characteristics traditionally associated with both masculinity and femininity.

Traditionally Masculine Traits

Characteristics culturally associated with male identity, such as strength, independence, and assertiveness.

Normative

Relating to an established standard or norm; often used to describe behaviors or conditions that are considered typical within a specific society or group.