Which one of the following statements best describes the outcome of regulatory capture?

Question

Quizplus · Accepted Answer

Regulatory capture refers to a situation where a small group of individuals or corporations, typically those being regulated, have tremendous influence over the regulatory agency responsible for implementing policies. This can lead to policies that benefit the interests of the regulated entities rather than the public interest. Congress and the president may have some influence over policies, but regulatory capture results in the disproportionate influence of a select group. Therefore, option D is the best answer.

Which One of the Following Statements Best Describes the Outcome