"Bureaucratic Gambling" Refers to

question 97

Multiple Choice

"Bureaucratic gambling" refers to

• A)the strategy of thrift managers that they would not be audited by thrift regulators in the 1980s due to the relatively weak bureaucratic power of thrift regulators.
• B)the risk that thrift regulators took in publicizing the plight of the S&L industry in the early 1980s.
• C)the strategy adopted by thrift regulators of lowering capital requirements and pursuing regulatory forbearance in the 1980s in the hope that conditions in the S&L industry would improve.
• D)the risk that regulators took in going to Congress to ask for additional funds.

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Definitions:

Oligopolistic Market

A market structure characterized by a small number of large firms dominating the market, leading to limited competition and possibly collusive behavior.

Homogeneous

Describes products or items that are uniform in nature and cannot be differentiated from one another.

Differentiated

Characterized by the process of distinguishing a product or service from others, to make it more attractive to a particular target market.

Oligopoly

A market structure characterized by a small number of large firms dominating an industry, often resulting in limited competition.