The economic theory of regulation holds that most regulation results from pressure by public interest groups to protect citizens.

Name: The economic theory of regulation holds that most regulation results from pressure by public interest groups to protect citizens.
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Question

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The economic theory of regulation proposes that most regulation arises due to the efforts of the regulated industry to protect their interests and maintain their profits, rather than pressure from public interest groups.

The Economic Theory of Regulation Holds That Most Regulation Results