Does the following scenario contain an example of regulatory capture? Select the best answer.

Before stepping down, the director of the European Medicines Agency denied an application for a generic version of an expensive drug whose patent just expired. Right after stepping down, he acquired a high$-$paying executive job at the firm that produced the expensive name$-$brand drug.

Answer $2$ Points

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Yes, this is an example of regulatory capture.

No$,$ this is not an example of regulatory capture.