The private interest theory of regulation assumes that all individuals (including politicians and regulators) are motivated by their own economic self-interest. If regulators act in accordance with the theory, discuss the likelihood of the introduction of regulations aimed at reducing the problems associated with Global warming—particularly if business corporations opposed such regulations. Take mining industry in Australia as an example for you answer and discussion.

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Its a fact which has been stated in the private interest theory that all the individuals including politicians and regulators are generally motivated ... View the full answer