Capture Theory may be described as taking the perspective that:

Question

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Capture Theory argues that the regulated interest (typically an industry or group of companies) is able to gain influence and control over the regulatory agency that oversees it, often leading to policies that favor the interests of the regulated rather than the public. In this sense, the regulated interest controls the regulation and the regulating body, as stated in option A. Option B refers to principal-agent theory, which is a related but distinct perspective on corporate governance. Option C describes a stakeholder-focused approach to corporate social responsibility, but is not directly relevant to the dynamics of regulatory capture. Option D seems to suggest the opposite of what capture theory argues, as it implies that the regulatory agency has more power than the entities it regulates.

Capture Theory May Be Described as Taking the Perspective That