The primary explanation for why a regulatory commission may protect the monopoly it is supposed to regulate is that the commission members
A) regularly receive gifts and bribes
B) are incompetent
C) are experts sympathetic to industry management
D) work to increase industry competition
E) are directly accountable to the public

Question

Quizplus · Accepted Answer

The primary explanation often cited is that regulatory commission members, being experts in the field, may develop sympathies towards the industry management they are supposed to regulate. This can lead to a situation where they protect the monopoly instead of promoting competition, due to their understanding and alignment with the industry's challenges and viewpoints.

The Primary Explanation for Why a Regulatory Commission May Protect