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Assume that a government regulator makes a decision that all companies with a head office in Australia must separately disclose, within their annual financial report,

Assume that a government regulator makes a decision that all companies with a head office in Australia must separately disclose, within their annual financial report, the amount of expenses incurred in relation to employees training. The companies must also spend at least 5 percent of their reported profits on the training.

Explain the decision made by the regulator from the perspective of Capture theory. Compare the capture theory with the private interest theory.

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