The effectiveness of regulation is sometimes criticized because
A)regulators try to please everybody.
B)of the high profits in regulated industries.
C)regulators don't know how to regulate industries.
D)regulators usually have been closely associated with the industries they regulate.

Question

Quizplus · Accepted Answer

Regulators often have close ties to the industries they oversee, which can lead to conflicts of interest and less effective regulation. This phenomenon is known as regulatory capture.

The Effectiveness of Regulation Is Sometimes Criticized Because