Economists use the term regulatory capture to mean a situation where the private sector firms being regulated ?

A. Persuade the government to change the regulatory regime.

B. Persuade the regulator to act in the firms interests.

C. Persuade the regulator to operate in the industrys interests

D. Bribe the regulator.

Found an error? Read our corrections policy and submit a sourced correction below. You can also share a useful explanation in your own words.

Discuss the answer or suggest a sourced correction
Thank you for contributing.
Your comment was submitted and will appear after editorial review.

Your email is used only for moderation and is never displayed. Spam, copied material and fabricated endorsements are rejected.