What is the primary goal of deregulation in industries?

Deregulation and Market Dynamics

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Business, Social Studies, Other
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11th - 12th Grade
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Hard

Patricia Brown
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To create monopolies
To lower legal barriers and promote competition
To reduce competition
To increase government control
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does deregulation benefit consumers?
By reducing the number of firms
By increasing consumer choice and satisfaction
By increasing prices
By limiting product availability
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of efficiency is likely to increase due to deregulation?
Allocative efficiency
Inefficiency
Monopolistic efficiency
None of the above
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential disadvantage of deregulating a natural monopoly?
Increased economies of scale
Higher average costs and resource duplication
Lower consumer choice
Improved market efficiency
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why might deregulation lead to allocative inefficiency?
Due to increased competition
Because of increased consumer choice
As a result of lower prices
Because of wasteful duplication of resources
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a significant challenge in ensuring the success of deregulation?
Guaranteeing high levels of competition
Reducing consumer choice
Increasing government intervention
Eliminating all barriers to entry
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What might happen if local monopolies form after deregulation?
Consumer choice will expand
Prices may decrease
Competition will increase
Prices may increase and quantities may decrease
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