Question

How did airline deregulation benefit both businesses and consumers?

Answer 1

Answer:

C) Flights were cheaper, so people were happier.

Explanation:

Deregulation is the process by which removes ir reduce barriers in a particular industry in order to increase competition. Deregulation also helps to Improve business operations.

Deregulation has a number of advantage which includes;

1. It helps to reduce entry barrier into an industry.

2. Prices of commodities are reduced.

3. More choices are available to the Consumers because of the existence of more producers in the industry.

4. The forces of dem and and supply determines prices.

5. Producers have the automy to make decisions without government interference.