Regulatory Capture Is Said to Have Occurred When Which of the Following

question 203

Multiple Choice

Regulatory capture is said to have occurred when which of the following is true?

• A)Rules and enforcement in an industry are heavily influenced by the industry being regulated.
• B)One firm controls an entire market, having captured customers away from other firms.
• C)Government imposes excessive regulations in an industry, resulting in inefficiencies.
• D)Consumers make all the rules for an industry, forcing firms into inefficient production methods.

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Definitions:

Diagnosing Needs

The process of identifying and assessing the requirements or gaps that need to be addressed within an organization or system.

Sustaining Change

The process of maintaining and solidifying changes made within an organization over the long term.

Unfreezing Process

is the initial stage in the change management process, where existing beliefs, values, or processes are challenged to prepare an organization or individual for change.

Current Modes

Refers to the present methods, trends, or practices in a particular area or industry.