Log out Go to App
Go to App

Learning Materials

Features

Discover

Chapter 11: Q. 24 (page 272)

What is deregulation? Name some industries that have been deregulated in the United States.

Short Answer

Expert verified
Many rules, regulations, and laws that govern business and industry are removed, relaxed, or repealed through deregulation.
All of the aforementioned industries have been deregulated in the United States, which means that all restrictions have been removed.

Step by step solution

01

Step1. Introduction

Deregulation is described as the removal, relaxation, or repeal of different rules, regulations, and laws that influence business and industry.

In a nutshell, we may state that the restrictions are being repealed.

02

Step2. Explanation

Deregulationistheprocessofremoving,relaxing,orrepealingmanyrules,regulations,andlawsthataffectbusinessandindustry.
Inanutshell,wemaysaythatthelimitswillbelifted.
The following are some of the industries in the United States that have been deregulated:

a) Utilities

b) Automobiles

c) Finance

d) Banking

e) Airlines

f) Telecom

g) Transport

As a result, all of the aforementioned industries have been deregulated in the United States, meaning that all restrictions have been abolished.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Start your free trial

Over 30 million students worldwide already upgrade their learning with Vaia!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

How do we measure a Herfindahl-Hirshman Index? What does a low measure mean about the extent of competition?

Use Table 11.5to calculate the four-firm concentration ratio for the U.S. auto market. Does this indicate a concentrated market or not?

Table 11.5Global Auto Manufacturers with Top Four U.S. Market Share, June 2013 (Source: http://www.zacks.com/commentary/27690/autoindustry-stock-outlook-june-2013

Is it true that a merger between two firms that are not already in the top four by size can affect both the four-firm concentration ratio and the Herfindahl - Hirshman Index? Explain briefly.

Do you think it is possible for the government to

outlaw everything that businesses could do wrong? If so, why does the government not do that? If not, how can regulation stay ahead of rogue businesses that push the limits of the system until it breaks?

What is a tie-in sale? How might it reduce competition and when might it be acceptable?
See all solutions

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.

Sign-up for free