The Capture Theory of Regulation Assumes That Regulation Benefits

question 18

Multiple Choice

The capture theory of regulation assumes that regulation benefits

• A) producers.
• B) consumers.
• C) government.
• D) the general public.
• E) the regulators.

---

Definitions:

Budget Constraint

An economic model that represents all the combinations of goods and services that a consumer can afford given current prices and their income.

Music CDs

Compact discs used to store music recordings, a physical format for retailing music content.

DVDs

Digital Versatile Discs, a type of optical storage media used for storing data, including movies, software, and other information.

Consumption Bundle

A collection of goods and services consumed by an individual or household.