Question

Many economists believe that when the federal government establishes an agency to regulate a particular industry,...

Many economists believe that when the federal government establishes an agency to regulate a particular industry, the regulated firms try to influence the agency even if these actions do not benefit the public. Economists refer to this result of government regulation by which of the following terms?

A. logrolling

B. special-interest regulation

C. regulatory capture

D. the regulatory paradox

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