Question
Describe the primary difference between the policy of the US government and other countries with respect to telecommunications deregulation.
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Domestic telecommunication companies in the United States are struggling due to foreign competition. How can the US government help to resolve this situation? A. The government should implement subsidies as they would help domestic businesses be able to afford to lower the prices of their goods and thus become more competitive. B. The government should implement subsidies as they would limit the amount of foreign goods available to consumers and thus help domestic producers become more competitive. C. The government should implement quotas as they would help domestic businesses lower the costs of labor and capital goods on which they rely and thus become more competitive. D. The government should implement quotas as they would artificially raise prices for foreign goods relative to domestic goods and thus help domestic producers become more competitive.
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