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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

What is regulatory capture?

To determine

Regulatory Capture.

Explanation

Regulatory Capture is defined as a failure of the government which occurs when a regulatory agency is created to work for the interest of the public. Instead of that it advances the political or commercial concerns of special interest groups that dominate the sector or the industry it is charged with regulating...

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