Final answer:
Advertising agencies, trade associations, and marketing organizations engage in self-regulation to protect their industries and advocate for their shared interests. They work together to lobby for benefits such as tax breaks and eased regulations.
Step-by-step explanation:
Advertising agencies, trade associations, and marketing organizations engage in self-regulation with a common goal of protecting their respective industries. By working together, these entities can lobby for tax breaks, eased regulations, and other benefits that can benefit the entire industry.
Despite being competitors, companies within trade associations often join forces to advocate for their shared interests while also representing their own individual organizations.
Learn more about Self-regulation for advertising agencies, trade associations, and marketing organizations