MCQOPTIONS
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| 1. |
Economists use the term regulatory capture to mean a situation where the private sector firms being regulated ? |
| A. | Persuade the regulator to operate in the industry’s interests |
| B. | Persuade the regulator to act in the firms interests. |
| C. | Bribe the regulator. |
| D. | Persuade the government to change the regulatory regime. |
| Answer» B. Persuade the regulator to act in the firms interests. | |