Deregulation of the airline and trucking industry has (i) resulted in considerable entry of new firms or (ii) has forced workers in these industries to make large concessions on wages and working conditions.

Question

Quizplus · Accepted Answer

Deregulation of the airline and trucking industry has indeed led to both an increase in the number of firms entering these markets (i) and forced workers to make significant concessions on wages and working conditions (ii). Deregulation typically reduces barriers to entry, allowing more competition, which can drive down prices and affect labor negotiations.

Deregulation of the Airline and Trucking Industry Has (I) Resulted