What are the Advantages of Deregulation?

-May Improve Resource Allocation. Because Deregulation encourages Lower Barriers to Entry, it can allow for a more Contestable environment. The Threat of Competition thus means Prices fall Closer to MC and Output Increases -Used alongside Privatisation of Public Monopoly to Prevent the Privatised Monopoly becoming a thing -Reducing the Red Tape and Bureaucracy, which means less money