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What does the public interest theory of regulation state? Select one: a. That indirect signals make the market more efficient b. That an industry operates
What does the public interest theory of regulation state? Select one: a. That indirect signals make the market more efficient b. That an industry operates in the presence of a large number of interest groups, and the legislature can be thought of as an interest group C. That regulation is the result of public demand for correction of market failures, and the regulator is assumed to have the best interest of society at heart d. That the disclosure principle corrects all market failures
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