QUESTION 5 During the phase of the history of U.S. government regulation called industry deregulation, government sought to a protect competitors by creating new federal agencies to police industry activities b. prevent chain stores from competing unethically with smaller local operators. c. prevent concentration of Industrial power in the hands of a few. d. Increase competition in industries such as telecommunications, utilities, and transportation. e police the Internet and online services. QUESTION 6 During periods of recession, it is still possible to compete by a reducing promotional outlays to save money. b. raising prices to improve company and product images Bc. curtailing customer service because people will accept such cuts. d. offering value-priced products to appeal to cost-conscious buyers. e introducing a line of marginal products to attract non-customers