Examlex
Which of the following instruments has a dial similar to the one shown in the figure below?
Consumer Groups
Organizations or collectives that advocate for the rights and interests of consumers, often focusing on issues like product safety and fair pricing.
Deregulation
The process of removing government restrictions and regulations in an industry to allow for more competition and efficiency.
Regulatory Capture
A theory that describes the situation where a regulatory agency, created to act in the public's interest, eventually acts in favor of the commercial or special interests that dominate the industry it is charged with regulating.
Negative Externalities
Costs suffered by a third party due to an economic transaction that they were not a part of, often leading to market failure.
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