Asked by Jaylee Field on Jul 12, 2024
Verified
Overall, economists believe that deregulation of industries formerly subjected to industrial regulation
A) has been a clear failure.
B) is neutral in its impact on society's well-being, creating minimal net benefits at best.
C) has produced large net benefits for consumers and society.
D) has produced sizable efficiency gains in the communications industry, but not in the transportation industry (railways, trucking, airlines) .
Deregulation
The process of reducing or eliminating government controls or restrictions on industries to promote efficiency and competition.
Industrial Regulation
Policies and rules implemented by governments to control or manage the activities, standards, and behaviors of industries and their participants.
Net Benefits
The net gain from a decision or action, calculated by subtracting the total costs from the total benefits.
- Examine the impact of regulatory and deregulatory measures on different sectors.
Verified Answer
Learning Objectives
- Examine the impact of regulatory and deregulatory measures on different sectors.
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