In the late 1970s and 1980s a movement toward deregulation took place because
A) the regulated industries became more competitive with rapidly advancing technology.
B) regulation was leading to higher production costs, which caused widespread dissatisfaction.
C) the transportation and telecommunication industries experienced the exit of many firms, which reduced the need for regulation.
D) Congress decided the regulations that had been in place were not effective anyway.

Question

Quizplus · Accepted Answer

The movement towards deregulation occurred in response to the discontent with the high production costs resulting from regulation.

In the Late 1970s and 1980s a Movement Toward Deregulation