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Answer the following questions regarding Contemporary Regulatory Policy : How can regulatory institutions be designed to be effective in the long run? Explain. When does

Answer the following questions regarding "Contemporary Regulatory Policy":

  1. How can regulatory institutions be designed to be effective in the long run? Explain.
  2. When does regulatory policy serve the general interest rather than narrow special interests? Explain.
  3. What factors determine the public credibility of a regulatory regime? Explain.

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