Historically, one problem found in most regulatory commissions is
A) the government cannot find qualified commissioners
B) the U.S. Constitution requires laissez-faire
C) the company will headquarter itself in a foreign country
D) the regulators become the protectors of the industry
E) price is set too low and most regulated firms go bankrupt

Question

Quizplus · Accepted Answer

Regulatory capture is a common issue where regulators become more aligned with the interests of the industries they are supposed to regulate, rather than with the public interest. This can lead to them acting as protectors of the industry.

Historically, One Problem Found in Most Regulatory Commissions Is