This problem has been solved!See the answerThe government regulation of market is always an industry consideration. Often the ones who know a market best are the people who work in the industries being regulated. What this means is it may be the people who are being regulated who create the regulations. While this is not always a bad thing, there are areas of concern.We have learned a concept called regulatory capture, which is what happens when people in an industry are the ones establishing the regulations.The selections provided below are all examples of regulatory capture in the airline industry except one, choose the one which does not demonstrate regulatory capture in the airline industry.Select the correct answer below:1. Lobbyists, sent by the airlines, argued with the regulatory board.2.Well-paid jobs were offered by the airlines to some of the people leaving the regulatory board.3. The airlines did not provide most of the information on which the regulatory board made decisions.4. The airlines suggested appointees to the regulatory board.