3. Two theories that try to answer the question 'why is there regulation?' are the Normative Analysis as Positive Theory (NPT theory, also known as the Public Interest Theory) and the Capture Theory. a. Briey explain how the NPT theory justifies government regulation and why it has lost credibility in the last decades b. Briey explain how the Capture Theory justifies government regulation and why it may not fully explain the reasons industries are regulated