Author Question: Regulatory capture is where A) governments take over monopolies through use of regulation. B) ... (Read 35 times)

storky111 · **on:** Jul 1, 2018

Regulatory capture is where

A) governments take over monopolies through use of regulation.
B) firms impose barriers to entry on regulators.
C) regulators of an industry look out for the industry instead of society.
D) the government taxes the profits of monopolies such that all producer surplus goes to the government.

Question 2

According to the benefit principle, the Social Security payroll tax is _____. According the ability-to-pay principle, the Social Security payroll tax is _____.

a. equitable; equitable
b. equitable; inequitable
c. inequitable; equitable
d. inequitable; inequitable