The behavior of regulators when trying to win approval for their actions from their entire constituency is best described by the

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The share-the-gains, share-the-pains hypothesis suggests that regulators will try to distribute the benefits and costs of their actions fairly among their entire constituency in order to win approval. This is seen as a more equitable approach than the capture hypothesis, which suggests that regulators may be influenced by the industries they regulate. The law of increasing social well-being and marginal benefit pricing hypothesis are not directly related to the behavior of regulators.

The Behavior of Regulators When Trying to Win Approval for Their