Question

Before deregulation, government agencies frequently: Held prices artificially high, shielding businesses from competition. Held prices artificially low, shielding consumers from selection. Encouraged overseas trade, shielding businesses from competition. Discouraged overseas trade, shielding consumers from selection.

Answer 1

Answer:

Held prices artificially high, shielding businesses from competition.

Explanation:

Deregulation can be defined as the reduction or total removal of government power and influence in a particular industry, generally enacted to allow more competition within major and minor players in that industry. Over the years the great efforts among proponents of government intervention and proponents of no government influence or regulation have shifted market conditions.