When a coalition of credit card companies form an interest group called the Partnership to Protect Consumer Credit,this indicates:
A) that credit card companies are interested in the public good
B) that private interests are hiding behind the ideals of public interests
C) that public interest groups are now actively involving private corporations
D) that the free rider problem does not apply to private corporations
E) that the credit card companies lack solidary benefits to offer their customers

Question

Quizplus · Accepted Answer

The formation of an interest group by credit card companies suggests that they are trying to hide their private interests behind the ideals of public interests such as consumer protection. In reality, the primary motive of credit card companies is to protect their profits and influence policies in their favor. Thus, the formation of such interest groups indicates how private interests often operate in politics, masquerading as public interest groups.

When a Coalition of Credit Card Companies Form an Interest