"Agency capture" occurs when

Question

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Agency capture occurs when a regulatory agency, which is supposed to regulate and oversee a particular industry, becomes too closely aligned with the interests of that industry instead of serving the public interest. This can occur due to a variety of factors, including industry lobbying, revolving door relationships between the agency and industry, and regulatory capture by agency staff. As a result, the agency may fail to adequately enforce regulations or create new policies that serve the public interest, leading to negative consequences for consumers or other stakeholders.

"Agency Capture" Occurs When