Supporters of industry self-regulation claim that self-regulation helps avoid unnecessary government meddling.

Question

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Supporters of industry self-regulation believe that by taking voluntary measures to regulate their own behavior, they can prevent the government from stepping in and imposing potentially more burdensome regulations. This argument is often used to justify self-regulation in industries such as advertising, food, and finance. However, critics argue that self-regulation is often inadequate and that government oversight is necessary to ensure that industries act in the best interest of consumers and the environment.

Supporters of Industry Self-Regulation Claim That Self-Regulation Helps Avoid Unnecessary