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Which of the following best describes the process of regulatory capture? A. Major League Baseball spends money lobbying members of congress to keep its anti-trust
Which of the following best describes the process of regulatory capture? A. Major League Baseball spends money lobbying members of congress to keep its anti-trust exemption. B. Michigan decides to lower its sales tax rate while increasing the income tax rate on incomes above $200,000. C. Bank of America encourages the FDIC-Federal Deposit Insurance Corporation- to make banks with less than $50 million of deposits pay a higher percentage into the insurance fund "for the protection of consumers." D. An Alabama senator agrees to vote for a Kentucky senator's bridge project, in hopes that the Kentucky senator will vote for the Alabama senator's electric dam project
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