Which of the following statements supports deregulation of industries ?
Correct answer: D. All of the above
- A. Technological change has made it possible for many industries to become more competitive
- B. Because few real natural monopolies exist there is rarely a reason for government regulation
- C. Many instances of government regulation have succeeded in reducing competition in industries where competition may be beneficial
- D. All of the above
Explanation
All three statements support deregulation: technology can increase competition, genuine natural monopolies are uncommon, and regulation can sometimes restrict competition. Therefore, the inclusive choice is all of the above.
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