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JAMB Economics 2002 Question 32

Question 32

Market Structures

The economic policy of deregulation is aimed at encouraging

  1. A.a monopolistic market structure
  2. B.a duopolistic market structure
  3. C.a competitive market structure
  4. D.an oligopolistic market structure
Show the answer and explanation

Answer: C (a competitive market structure)

Explanation

Deregulation removes government controls and barriers to entry so more firms can compete.