Question

Critics argue that deregulation gives some companies too much power and hurts competition. (True/False)

Answer 1

Deregulation can give some companies too much power and hurt competition. Therefore the statement is True.

Step-by-step explanation:

True

Deregulation can give some companies too much power and hurt competition.

For example, when industries are deregulated, companies that were previously limited by regulations may be able to merge or acquire other companies, increasing their market share and reducing competition. This can lead to higher prices and lower quality for consumers.

Additionally, deregulation can result in job losses as companies may downsize or go out of business due to increased competition. This can have negative effects on workers and the overall economy.