Most people believed that competition would lower prices for consumers and businesses alike.
Such competition could lower rates if it is keen enough.
It deregulated electricity in 1998, believing that competition would lower utility bills.
Then, the state had plenty of electricity and most people thought that new competition would lower prices for consumers and businesses alike.
The public should benefit, as competition spurs innovation and lowers the prices of financial services.
Four years ago, California agreed to deregulate its utilities with the hope that competition would lower rates for households and businesses.
On the plus side, however, he has no one watching over his shoulder and the work is steady, although competition has lowered the profits for everyone.
He added, "Most people think that greater competition will lower prices."
Indeed, increased competition might even lower the cost of financing the deficit.
The United States has argued that competition would lower the cost of calls to Mexico.