Several states now allow for competition in the electric power industry. Business customers, for example, can purchase their electric service from several different utility companies. This activity reflects a movement toward ________ in the utility industry.
A) re-regulation
B) monopoly pricing
C) deregulation
D) privatizing

Question

Quizplus · Accepted Answer

Deregulation refers to the government actions to reduce the laws and regulations that seem to hinder competition. Deregulation has successfully been used in the airline and telecommunication industries.

Several States Now Allow for Competition in the Electric Power