Regulatory capture is where

Question

Quizplus · Accepted Answer

Regulatory capture occurs when the regulators responsible for overseeing an industry become too closely aligned with the interests of the industry they regulate, at the expense of the broader public interest. As a result, regulators may fail to take actions that would benefit society as a whole, or may even act in ways that benefit the industry at the expense of consumers or other stakeholders. It is distinct from government takeover of monopolies, imposition of barriers to entry, or excessive taxation of profits.

Regulatory Capture Is Where