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Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406

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BuyFindarrow_forward

Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406
Textbook Problem

What is the major difference between the capture theory of regulation and the public interest theory of regulation?

To determine

Determine the major difference between capture theory of regulation and public theory of regulation. 

Explanation

The major difference between the public interest choice theory and capture theory of regulation is the beneficiary of regulation. The aim of the capture theory of regulation and public interest theory of regulation is to correct market failures...

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