The conversation between human and AI assistant.
What are the advantages and disadvantages of deregulation?
Can you give me an example of a sector that was deregulated and what happened?
One example is the deregulation of the telecommunications industry in the United States in the 1990s. This allowed for new competitors to enter the market and offer new services and technologies. However, it also led to consolidation and monopolies in some areas, which resulted in limited competition and potentially higher prices for consumers.