Over time, the regulatory machinery may shift toward the special interests of producers, who, in effect, "capture" the regulating agency.

Name: Over time, the regulatory machinery may shift toward the special interests of producers, who, in effect, "capture" the regulating agency.
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Question

Quizplus · Accepted Answer

This phenomenon is known as regulatory capture and has been observed in various industries where regulatory agencies become too closely aligned with the businesses they are intended to regulate.

Over Time, the Regulatory Machinery May Shift Toward the Special