Regulation of business, according to the legal cartel theory, stems from

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According to the legal cartel theory, firms may want to be regulated in order to restrict competition and maintain their market power. This can be beneficial for firms because it can allow them to charge higher prices and reduce the risk of new firms entering the market. Therefore, regulation may not always be motivated by a desire to protect the public or promote greater efficiency, but rather by a desire to limit competition.

Regulation of Business, According to the Legal Cartel Theory, Stems