Which of the following arguments supports the common practice of appointing members of a regulated industry or profession to the state regulatory boards for those entities?
a) There are close personal connections between board members and the people they regulate.
b) Regulators often have an in-depth understanding of the industries they are regulating.
c) Political independence between agencies and interest groups is maintained.
d) Members of the regulatory board are more focused on the public interest.
e) Regulators are likely to be innovative and one make major changes to the industries they oversee.