| Effect | short-run | long-run |
| High-cost producers | exit the industry due to lower profits | N/A |
| Quality of goods and services | may decline | |
| Prices | may rise | should fall |
| Unions | become less powerful | |
| Employers | may be laid off | |
| Industries | more competitive as barriers to entry fall |
Saturday, May 8, 2010
Deregulation
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