When a coalition of credit card companies forms an interest group called the Partnership to
Protect Consumer Credit,this suggests that
A)credit card companies are interested in the public good.
B)private interests are hiding behind the ideals of public interests.
C)public interest groups are now actively involving private corporations.
D)the free-rider problem does not apply to private corporations.

Question

Quizplus · Accepted Answer

The formation of the Partnership to Protect Consumer Credit by credit card companies suggests that they are creating an interest group to promote their own interests and using the guise of protecting consumers as a way to hide their true motives. This is an example of private interests hiding behind the ideals of public interests, as credit card companies are unlikely to form interest groups solely for the public good.

When a Coalition of Credit Card Companies Forms an Interest