According to Braithwaite, Which of the Following Is Not an Advantage

question 61

Multiple Choice

According to Braithwaite, which of the following is not an advantage of enforced self-regulation?

• A) Rules would be tailored to specific companies, and could be adjusted more easily for changing conditions
• B) Rules and regulations could be more innovative, comprehensive, and consistent.
• C) Corporations could be hindered from preempting and severely limiting meaningful regulation
• D) Corporations would have a formidable incentive to comply

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Definitions:

Extensive Form

A way of representing a game in game theory, showing the sequence of moves and decisions, as well as the payoffs for each possible outcome in a tree format.

Subsequent Games

Games or rounds of play that follow an initial game, often with outcomes or strategies that depend on the results of prior games.

Reciprocity

A social norm that involves mutual exchange of privileges or goods among parties, expecting that the benefits given will be returned in the future.

Sequential Game

A strategic game in economics or game theory where players make decisions one after another, allowing for the observation of previous actions before taking a decision.