Asked by George Greer on May 26, 2024
Verified
The largest efficiency gains from deregulation have occurred in the
A) natural gas and cable television industries.
B) cable television and railroad industries.
C) communications and stock-brokering industries.
D) airlines, trucking, and railroad industries.
Deregulation
The process of reducing or eliminating government oversight and rules in various industries to foster a more free-market environment.
Efficiency Gains
Improvements in the use of resources that allow for more output without increasing the input.
- Evaluate how industrial regulation and deregulation influence various industry segments.
Verified Answer
SN
Shivam NarangMay 27, 2024
Final Answer :
D
Explanation :
The largest efficiency gains from deregulation have occurred in the airlines, trucking, and railroad industries, as deregulation has significantly reduced costs and improved service in these sectors by increasing competition and innovation.
Learning Objectives
- Evaluate how industrial regulation and deregulation influence various industry segments.
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