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Title: The capture hypothesis suggests that Post by: avinash0312 on Mar 3, 2019 The capture hypothesis suggests that
• marginal cost regulation is superior to average cost regulation. • the well-focused interests of consumers will lead to the over-regulation of most industries. • regulation will lead to over-entry and eventual losses for firms in the industry. • the firms being regulated will unduly influence the regulators. Title: The capture hypothesis suggests that Post by: Jax on Mar 3, 2019 the firms being regulated will unduly influence the regulators.
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