Producers can make regulatory agencies their captives in order to reduce market competition.

Name: Producers can make regulatory agencies their captives in order to reduce market competition.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Producers can use their resources to influence or capture regulatory agencies, which can result in reduced market competition by creating barriers to entry for new market players. This can lead to overall harm for consumers and the economy.

Producers Can Make Regulatory Agencies Their Captives in Order to Reduce