What Is the Captive Agency Theory

What is the captive agency theory?

A) a theory which holds that, over time, the regulatory agency becomes controlled by the interests it was established to regulate
B) a regulatory agency that is so restrictive in its use of rules and regulations that the industry in question is captured by the government
C) a Crown corporation that becomes so restrictive with its operations that it is captured by the government
D) a form of risk assessment theory that provides provincial permits to agencies