Why Do Its Proponents Argue That Deregulation Is Good Public

question 28

Multiple Choice

Why do its proponents argue that deregulation is good public policy?

• A)Deregulation protects consumers by guarding against inflation and price gouging.-Consider This: While proponents of deregulation argue that expensive regulatory costs increase prices,their concerns are distinct from inflation and price gauging and focused more on increasing competition.
• B)Deregulation addresses fundamental flaws in the free-market economy.
• C)Eliminating costly regulations makes U.S.products more competitive in the world marketplace.
• D)Without as many regulations,workers will be less likely to be injured in workplace accidents.

---

Definitions:

Live Performances

Events where performers present arts like music, theater, or dance in real-time before a live audience.

Scalping Tickets

The practice of buying tickets to an event and reselling them at a higher price, typically without authorization.

Market Equilibrium Price

The price at which the quantity of goods supplied equals the quantity of goods demanded in the market.

Normal Profit

The level of profit that is just sufficient to keep an entrepreneur in business, equaling total revenues minus explicit and implicit costs.