Answer:
a) Increased competition acts as a spur to greater efficiency, leading to lower costs and prices for consumers.
b) In some markets, such as airlines and telecoms, deregulation has enabled an increased number of firms, allowing lower prices for consumers. This is particularly noticeable with low-cost airlines and falling prices of telephone calls.
c) Government regulation often involves excessive costs of bureaucracy.
Deregulation allows consumers greater choices
<span> when Washington sat down and wrote a letter to his wife, Martha,he thought that this wasent oing to be enough in which he revealed his concerns about his new role. He admitted to his “dear Patcy” that he had not sought the post but felt “it was utterly out of my power to refuse this appointment without exposing my Character to such censures as would have reflected dishonour upon myself, and given pain to my friends.” </span>
Can you be more specific?