Why the of commission has the authority to regulate a certain industry?

A commission typically has the authority to regulate a certain industry to ensure compliance with laws, protect public interests, and maintain fair competition. This authority is often granted by legislation, which outlines the commission's powers and responsibilities. By overseeing industry practices, the commission can enforce standards, address grievances, and promote consumer protection, thereby fostering a stable and equitable market environment. Ultimately, the goal is to balance the interests of consumers, businesses, and the broader economy.