According to the Capture Hypothesis of Regulation

question 13

Multiple Choice

According to the capture hypothesis of regulation

• A) regulation favors producers over consumers because the producers were able to pay off the regulators.
• B) regulation eventually favors producers over consumers because the producers have more at stake than individual consumers.
• C) regulation benefits the regulators and the legislators who support the regulation by enabling them to obtain favors from both producers and consumers.
• D) regulation benefits the consumers over producers because the number of consumers is greater than the number of producers, giving the consumers more political clout.

---

Definitions:

Estimator

A guideline or equation that approximates a characteristic of an entire population by analyzing data from a subset of it.

Point Estimate

A single value or statistic that serves as the best guess or estimate of a population parameter based on sample data.

Interval Estimate

An estimate of a population parameter that specifies a range of possible values within which the parameter is expected to lie, usually expressed with a degree of confidence.

Confidence Interval

An interval of values obtained from statistical study of a sample, which is believed to cover the value of a hidden population parameter.