Question

Industries like to be in control of their own destiny and as a result prefer self-regulation to laws imposed by governments. Self-regulation is often ____.

Answer 1

Industries like to be in control of their own destiny and Self-regulation is usually less costly for firms and industry.

What is Self-regulation

Self-regulation is the ability to monitor and manage your behavior, action, emotions, and thoughts in ways that are acceptable.

Self-regulation is usually less costly for firms and industries than government regulation for businesses.

Therefore, Self-regulation is usually less costly for firms.

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