The capture theory of regulation assumes that regulation benefits
A) producers.
B) consumers.
C) government.
D) the general public.
E) the regulators.

Question

Quizplus · Accepted Answer

The capture theory of regulation posits that regulatory agencies may come to be dominated by the industries or interests they are charged with regulating, leading to decision-making and policies that benefit producers rather than the public interest.

The Capture Theory of Regulation Assumes That Regulation Benefits