Of the following,which is true of deregulatory efforts?
A)Deregulatory efforts have fostered new competition and new competitive practices.
B)Deregulatory efforts have led to decreased competition and decreased competitive practices.
C)Deregulatory efforts have fostered new competition and decreased competitive practices.
D)Deregulatory efforts have led to decreased competition and increased competitive practices.
E)None of these are true.

Question

Quizplus · Accepted Answer

Deregulatory efforts often aim to reduce government control and regulations in industries to promote competition and innovation. As a result, new competitors may enter the market, and existing firms may adopt new competitive practices to stay competitive. Therefore, A is the correct answer. It is not accurate to say that deregulatory efforts always lead to decreased competition or decreased competitive practices (B and C), as it largely depends on the specific industry and regulatory changes. Additionally, D is inaccurate as it contradicts itself by suggesting both decreased and increased competition.

Of the Following,which Is True of Deregulatory Efforts