Capture theory is
A) an economic theory of regulation.
B) a model about perfect competition.
C) the same as the public interest theory.
D) the theory that regulators capture firms' attention by dictating a very low price.
E) a theory that explains behavior of competitive firms.
A
Economics
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Activity aimed at creating artificial barriers to entry into a particular market
A) is rent seeking. B) has no social cost. C) improves competition. D) improves the economy's efficiency.
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What does a production possibilities curve (PPC) show? What is the difference between a PPC that is linear and a PPC that is curved away from the origin?
What will be an ideal response?
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