Asked by David Sebesta on Jul 21, 2024
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Most economists conclude that deregulation has reduced prices and led to more competition in deregulated industries.
Deregulation
The removal or reduction of government restrictions and regulations in an industry to encourage increased competition.
Reduced Prices
The offering of goods and services at lower rates than originally marked, often to clear inventory or boost sales.
Competition
The economic rivalry among businesses to attract customers, increase sales, and achieve a higher market share.
- Comprehend the principles of deregulation and its impact on competition and pricing in industries.
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Learning Objectives
- Comprehend the principles of deregulation and its impact on competition and pricing in industries.
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