Which of the Following Best Describes the Capture Theory of Regulation

question 56

Multiple Choice

Which of the following best describes the capture theory of regulation? i. Regulation seeks an efficient use of resources.
Ii) Regulation is aimed at keeping prices as low as possible.
Iii) Regulation helps firms maximise economic profit.

• A) i only
• B) ii only
• C) iii only
• D) i and ii
• E) i, ii and iii

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Definitions:

Battery

is an intentional and unlawful physical contact or force used against another person without their consent, potentially resulting in criminal charges.

Assault

An act that threatens physical harm to a person, whether or not actual harm is inflicted.

Age of Majority

The legally defined age at which an individual is considered an adult and responsible for their actions, varying by jurisdiction.

Misuse of Legal Procedure

The improper use of legal processes for ulterior motives, rather than for legitimate legal reasons.