Which of the following theories asserts that regulators are not initially put in place to protect the public interest,and are driven by self-interest?
A) Private interest theory
B) Public interest theory
C) Capture theory
D) All of the given options are correct.

Question

Quizplus · Accepted Answer

Private interest theory suggests that regulatory bodies are established not primarily for the public good but are influenced by private interests, implying that the actions and regulations are often shaped by the self-interest of the regulators or the entities they are supposed to regulate.

Which of the Following Theories Asserts That Regulators Are Not