Before deregulation of the telephone industry,

Question

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Before deregulation, the telephone industry was dominated by a single company, which controlled prices and limited competition. This resulted in higher prices and lower volume of communication. After deregulation, new companies entered the market and competition increased, leading to lower prices and higher volume of communication. Option A is incorrect as prices were actually higher before deregulation. Option B is incorrect as competition actually increased after deregulation, leading to greater profits for some companies.

Before Deregulation of the Telephone Industry