The term, "regulatory capture," refers to a situation in which
A) a government regulatory agency becomes dominated by the industry it is assigned to regulate and works in the interest of the industry rather than in the public interest.
B) a government official assigned to regulate an industry quits to go to work for a corporation in that industry.
C) industry lobbyists write the laws that are used by the regulatory agency that is overseeing that industry.
D) an industry hires government regulators on a part-time basis in an effort to influence outcomes of public hearings.
Correct Answer:
Verified
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