The Capture Theory of Regulation Holds That Government Regulations Often

question 103

True/False

The capture theory of regulation holds that government regulations often end up serving the interests of regulated firms.

---

Definitions:

Fraud

is the intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right.

Misrepresentation

The act of giving false or misleading statements that induce someone into a contract, which can be grounds for voiding the agreement.

Fraud in the Inducement

A deceitful practice intended to convince someone to enter into a contract or agreement under false pretenses.

Relied

The act of depending on or trusting in something or someone.