_____________ refers to a situation where regulatory agencies become unduly influenced and dominated by the industries they are supposed to be regulating.

Question

Quizplus · Accepted Answer

Regulatory capture occurs when regulatory agencies, instead of acting in the public interest, end up advancing the interests of the industries they are supposed to be regulating. This can happen through various means such as lobbying, campaign contributions, personal relationships, or even the revolving door phenomenon, where regulators leave their positions to work for the very industries they regulated. This can lead to weakened regulation and a lack of accountability, ultimately harming consumers and the public.

_____________ Refers to a Situation Where Regulatory Agencies Become Unduly