During the 1990s, a number of legislatures were deregulating former public utilities such as electricity and cable television companies. Such deregulation was due to an awareness that

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The deregulation of former public utilities like electricity and cable television companies during the 1990s was largely driven by the realization that these firms were not natural monopolies. A natural monopoly occurs when a single firm can supply a good or service to an entire market at a lower cost than could two or more firms. The belief that competition could be sustainable and potentially more efficient in these sectors led to deregulation efforts.

During the 1990s, a Number of Legislatures Were Deregulating Former