31 Jan 2022
Problem 26
Page 273
Section: REVIEW QUESTIONS
Chapter 10: Monopolistic Competition and Oligopoly
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31 Jan 2022
Introduction
Regulatory capture is a theory that claims regulatory agencies may come to be dominated by the industries or interests they're charged with regulating. The result's that bureau, charged with acting within the public interest, instead acts in ways that benefit incumbent firms within the industry it's imagined to be regulating.
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