Final answer:
Regulatory Authorities are self-regulating entities recognized by the government with powers to regulate specific sectors of the economy or public interest areas, operating independently from political influence. The answer is option C.
Step-by-step explanation:
The term used to describe self-regulating organizations that are recognized by the government and are given regulatory powers is c) Regulatory Authorities.
These entities, such as the Federal Communications Commission (FCC) and the Securities and Exchange Commission (SEC), exist to oversee and manage certain sectors of the economy or public interest. They operate with a degree of independence from political influence to effectively regulate and ensure compliance with laws and standards about their areas of oversight. Regulatory authorities play a crucial role in safeguarding public interests across various industries from communications to finance.