One primary reason why regulatory capture may occur in an industry is that
A) the government designates unelected officials to head the various regulatory agencies of different industries.
B) there is a lot of bribery and corruption going on in all major industries that the government seeks to regulate.
C) the industry's leaders are the ones who pushed for the government to impose supervision and regulation over their industry.
D) people who are qualified to supervise and regulate the industry often come from the industry itself.
Correct Answer:
Verified
Q147: The so-called pork-barrel politics refers to congressional
Q215: Even in a democratic government, elected officials
Q216: Assume that Matt, Joe, and Teresa are
Q217: Based on our study of market failure
Q218: Deregulation can solve the problem of regulatory
Q221: Assume that Abby, Ben, Clara, Joe, and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents