What are the potential benefits of deregulation?
A)Increased competition arising from the reduction of regulations that have formerly restricted the entry of new competitors
B)Decreased competition arising from the increase of regulations that have formerly restricted the entry of new competitors
C)Increased competition arising from the increase of regulations that have formerly restricted the entry of new competitors
D)None of the above

Question

Quizplus · Accepted Answer

Deregulation can often lead to increased competition as it removes barriers to entry for new competitors, which can drive down prices and increase innovation. This can ultimately benefit consumers and lead to a more efficient marketplace. Option B is the opposite of the potential benefits of deregulation, while option C is not a typical consequence of deregulation. Option D is not correct as there are potential benefits to deregulation.

What Are the Potential Benefits of Deregulation