"To understand the decisions of regulatory bodies, you must first understand how the decisions affect the regulators themselves." The person who made this statement probably believes in the __________ theory of regulation.

Question

Quizplus · Accepted Answer

The statement reflects the public choice theory of regulation, which suggests that regulators (government officials) make decisions based on their own interests, such as gaining power, rather than solely aiming to benefit the public.

"To Understand the Decisions of Regulatory Bodies, You Must First