What development in the 1970s and 1980s is considered one of the most extensive experiments in industrial policy in the last half-century?
A) extensive antitrust enforcement
B) increased breakups of monopolies
C) deregulation of industries
D) fostering natural monopolies

Question

Quizplus · Accepted Answer

The deregulation of industries in the 1970s and 1980s is considered one of the most extensive experiments in industrial policy in the last half-century. This policy involved removing government regulations and allowing market forces to determine the prices and output of industries such as airlines, telecommunications, and banking. This led to increased competition and greater efficiency in many industries, but also had its drawbacks, such as the rise of monopolies and the loss of some consumer protections.

What Development in the 1970s and 1980s Is Considered One