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[ Self - regulation ] One of the problems associated with self - regulation is the lack of a written code of ethics by firms

[Self-regulation] One of the problems associated with self-regulation is
the lack of a written code of ethics by firms in the industry.
noncompliance by members.
the intrusive enforcement by the FTC.
the absence of an industry association with persuasive power.
the opportunity for corporate espionage by competitors.
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