One of the recurring problems in industries that have been deregulated is that they tend to become dominated by a few firms.

Question

Quizplus · Accepted Answer

Deregulation often leads to increased competition initially, but over time a few large firms tend to dominate the market due to various factors such as economies of scale, network effects, and barriers to entry for new firms. This has been observed in industries such as telecommunications, airlines, and energy.

One of the Recurring Problems in Industries That Have Been