The capture theory of regulation states that _____
a. regulators act in the best interests of regulators
b. regulators act in the best interests of politicians
c. regulators act in the best interests of the general public
d. regulators act in the best interests of the regulated
d
You might also like to view...
According to the mini-case on the Barbie Doll, Mattel is successful because
A) it has been selling Barbie dolls for a long time. B) the Barbie doll is the top import into the U.S. C) international trade allows them to produce a wide variety of doll types at many price points. D) there are low fixed costs for product design.
Natural Gas Boom Technological improvements in hydraulic fracturing, or "Fracking," have decreased the cost of extracting smaller pockets of natural gas. What affect does this have on supply and demand as well as on the equilibrium price and quantity?