When an industry develops, uses, and enforces norms, this is known as which type of self-regulation?

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Industry self-regulation refers to the development and enforcement of norms, standards, and practices within a particular industry. This is done to demonstrate a commitment to ethical and responsible behavior and to maintain the trust of stakeholders. This approach allows industry participants to regulate themselves rather than relying solely on government regulation.

When an Industry Develops, Uses, and Enforces Norms, This Is