Firms subject to economic regulation may engage in creative response, in which they conform to the letter of the law in a way that undermines its spirit.

Name: Firms subject to economic regulation may engage in creative response, in which they conform to the letter of the law in a way that undermines its spirit.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Firms may exploit loopholes or ambiguities in regulations to comply technically while still pursuing their interests, which can undermine the intended purpose of the regulation.

Firms Subject to Economic Regulation May Engage in Creative Response