Regulatory Capture Often Occurs Because of Which of the Following

question 24

Multiple Choice

Regulatory capture often occurs because of which of the following?

• A)Government officials want stronger control over industry regulation.
• B)Nearly everyone with expertise works in the regulated industry.
• C)Patent law allows firms to gain monopoly power easily and therefore control a market.
• D)Consumer groups are effective at lobbying the government for industry regulation.

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Definitions:

Persuaded

Successfully convinced someone to do or believe something through reasoning or argument.

Audience

The group of people targeted or reached by a piece of communication, performance, or work.

Clan Culture

A type of corporate culture that emphasizes family-like relations, teamwork, and loyalty within the organization.

Coordinators

Individuals or roles designated to organize, schedule, and manage activities and resources to ensure efficient operation and achievement of goals.