Examlex
Which of the following is CORRECTLY matched?
Deregulation
The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry.
Regulatory Capture
A situation where regulatory agencies are dominated by the industries or interests they are charged with regulating, often leading to decision-making that benefits the industry at the expense of the public interest.
Regulatory Agency
An agency, commission, or board established by the federal government or a state government to control the prices charged and the services offered by a natural monopoly or public utility.
Rivalry
The characteristic displayed by certain goods and services that consumption by one person precludes consumption by others.
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