

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. | |