Public choice theory suggests that in the regulatory process:
A) tech group pursues greater efficiency.
B) the various groups involved pursue their own respective interests.
C) individuals act to advance the public interest.
D) bureaucrats act to advance the public interest.

Question

Quizplus · Accepted Answer

Public choice theory suggests that individuals and groups involved in the regulatory process aim to pursue their own self-interests, rather than acting in the public interest. This is because different groups have different preferences and priorities, such as businesses seeking less regulation and environmental groups pushing for more. As a result, regulation can often become a battleground of competing interests rather than a straightforward attempt to promote the common good.

Public Choice Theory Suggests That in the Regulatory Process