Critical Reasoning (CR) | ­In the United States over the last quarter century, many services

­In the United States over the last quarter century, many services have been deregulated—controls regulating the prices charged to consumers have been removed. Deregulation has allowed providers to decide on their own pricing, but it has also allowed competition in provision of the services. Proponents of deregulation claimed that provided there was indeed competition, consumer prices would fall. They have been proved right, since in most cases prices did indeed fall once a service was deregulated.

Which of the following, if true, most strongly supports the argument?

A. After adjusting for inflation, prices for most services that have been deregulated fell significantly over the several years preceding their deregulation.

B. For most regulated services, the regulations were intended to guard against the possibility that providers would use a monopoly position to dictate prices.

C. Surveys of consumers have shown that for many of the services that have been deregulated, consumers
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Statistics : Posted by Bunuel • on 12 Mar 2024, 00:22 • Replies 0 • Views 59

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