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The ______ model of banking regulation is correct: i) public good, ii) bureaucratic, or iii) regulatory capture. This is just part 1 of the question,

The ______ model of banking regulation is correct: i) public good, ii) bureaucratic, or iii) regulatory capture.

This is just part 1 of the question, it's for an debate. Could I get a description of these 3 options? I think all 3 can be the right answer with opinions and facts backing it up.

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