Q
Economists use the term regulatory capture to mean a situation where the private sector firms being regulated ?
-
A
A. persuade the regulator to operate in the industry’s interests
-
B
B. persuade the regulator to act in the firms interests.
-
C
C. bribe the regulator.
-
D
D. persuade the government to change the regulatory regime.
Correct Answer:
A. A. persuade the regulator to operate in the industry’s interests
