Prior to the Deregulation of the Railroad Industry,there Was Little

question 79

Multiple Choice

Prior to the deregulation of the railroad industry,there was little incentive to invest in new technology or equipment.This is an example of

• A)The failure of deregulation.
• B)The inefficiencies of regulation
• C)Market failure.
• D)The failure of laissez faire.

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Definitions:

Availability

The condition of being accessible or obtainable.

Private Resource

Resources owned by individuals or companies, not by the government or public institutions.

Incentives

Factors, monetary or non-monetary, that motivate individuals to perform actions that they might not otherwise choose to do.

Efficiently

Achieving a goal or producing output with the minimum amount of waste, expense, or unnecessary effort.