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Regulatory Capture
A situation in which industry regulatory agencies are dominated by the industries they are charged with regulating, leading to a conflict of interest.
Industry Regulation
A set of guidelines, rules, and laws designed to control the way businesses operate in specific sectors, aiming to protect consumers, ensure fair competition, and prevent environmental damage.
Monopoly Power
The ability of a single seller to influence the price of a good or service in the market, often due to lack of competition.
Consumer Groups
Organizations or collectives that advocate for the rights and interests of consumers, often focusing on issues like product safety and fair pricing.
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