Definition Edit

Industry-specific regulations are

rules, applied by an expert agency, that govern the behavior of companies in a particular industry. These regulations supplement the antitrust laws and ordinary common law rules that apply to all industries in the United States. In general, industry-specific regulations correct for market failures that antitrust laws and ordinary common laws cannot resolve or prevent.[1]

References Edit

  1. The Digital Handshake: Connecting Internet Backbones, at 2 n.1.

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