Which of the following bests describes when agencies tasked with regulating businesses, industries, or other interest groups are populated by individuals with close ties to the very firms that they are supposed to regulate?

Question

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This phenomenon is commonly referred to as "agency capture", where the regulators develop a relationship with the industry they are supposed to oversee, leading to a conflict of interest and a lack of effective regulation. Inside lobbying refers to advocacy efforts made by an interest group directed towards members of the same organization or institution to which they belong. Purposive lobbying is a type of lobbying where an interest group attempts to influence policymaking by persuading the government or other decision-makers to adopt policies that align with their interests. Executive collusion is an agreement between two or more individuals in a powerful position to use their authority for personal gain. None of these terms accurately describe the situation in which regulatory agencies are captured by the industries they are supposed to oversee.

Which of the Following Bests Describes When Agencies Tasked with Regulating