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According to the economic theory of regulation, why are the costs associated with legislation that benefits special interest groups spread over a large number of
According to the economic theory of regulation, why are the costs associated with legislation that benefits special interest groups spread over a large number of people? The costs are designed to be diffuse so that: Question 4 options: political opposition to the proposed legislation will not be generated. legislators can claim that they are functioning in the best interests of the public. redistribution of medical services to those least able to purchase medical services can be achieved. price collusion of providers will be eliminated
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