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The correct answer to the question about the policy of deregulation is:
- Deregulation involves easing or removing government restrictions on businesses.
Deregulation aims to promote competition, increase efficiency, and lower prices for consumers. It can lead to changes in various industries such as telecommunications, transportation, and finance. For example, in the 1980s, there were deregulation efforts in the airline industry which resulted in lower ticket prices and increased competition among airlines.
This policy allows companies to operate with more freedom and flexibility, potentially leading to innovation and economic growth. By reducing regulatory burdens, deregulation can impact the way businesses operate and interact within the market.
