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Loraine Loraine
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9 years ago
Which of the following best describes the capture theory of regulation?
i.   Regulation seeks an efficient use of resources.
ii.   Regulation is aimed at keeping prices as low as possible.
iii.   Regulation helps firms maximize economic profit.
A) i only
B) ii only
C) iii only
D) i and ii
E) i, ii, and iii
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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VincenzoDVincenzoD
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9 years ago
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