WAEC Commerce 2022 Objective — Question 41
Question 41 of 50 from the West African Examinations Council (WAEC) Commerce 2022 Objective paper, with the correct answer and a full explanation.
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The act of removing government laws and allowing market forces to determine prices is
- A. commercialization
- B. deregulationCorrect
- C. divestiture
- D. privatization
Explanation
In deregulation, the forces of demand and supply are allowed to determine prices, as government restrictions are removed.
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