The overseeing by a government agency of several aspects of the operations of a group of firms, such as their pricing and quality of service, is a characteristic of:

Question

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Industry regulation typically involves the oversight by a government agency of various aspects of the operations of firms within a specific industry, including their pricing strategies and the quality of service they provide. This type of regulation is aimed at ensuring fair competition and protecting consumers from unfair practices.

The Overseeing by a Government Agency of Several Aspects of the Operations