What term do economists use to describe how governmental, Ask an Expert

Economics

What term do economists use to describe how governmental agencies such as, say, the Federal Trade Commission, may go from being a “watchdog” for consumers to being a “lapdog” for industry?

A. Regulatory capture effect

B. The Averch-Johnson effect

C. The shut-down rule

D. A natural monopoly

E. None of the statements in A—D accurately state the shutdown rule for a competitive firm.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92201785

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