Which theory of regulation assumes that the industry wants to be regulated, in order to reduce competition and achieve cartel-like conditions?

Name: Which theory of regulation assumes that the industry wants to be regulated, in order to reduce competition and achieve cartel-like conditions?
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Question

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Legal cartel theory suggests that industries may seek regulation to limit competition and create conditions similar to a cartel, where they can control prices and outputs more effectively.

Which Theory of Regulation Assumes That the Industry Wants to Be