The Capture Theory of Regulation Implicitly Holds That

question 82

Multiple Choice

The capture theory of regulation implicitly holds that

• A)the members of a regulated industry have a stronger incentive to attend regulatory meetings than taxpayers and consumers.
• B)regulators will always do what they think is in the public's best interest.
• C)regulatory lag is often longer than most people think.
• D)b and c
• E)a, b, and c

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Definitions:

Negated

Refers to making a statement or proposition invalid or the act of denying something.

Furtherance

The act of promoting or advancing a cause, interest, or plan.

Governing Professionals

Individuals or bodies responsible for making and enforcing rules and standards within specific professions to ensure accountability and integrity.

Professions

Occupations requiring specialized knowledge and often long and intensive academic preparation.