Critics of deregulation argue that deregulation in the airline industry has led to reductions in passenger comfort. How do economists respond to such criticism?

a. They argue that passengers prefer lower fares to greater comfort,

b. They agree with the critics and argue for more regulation in the industry,

c. They claim that deregulation has, in fact, increased passenger comfort.

c. They claim that deregulation has, in fact, increased passenger comfort

The economists make responses to the critics by this claim by stating that the deregulation must have increased the passenger comfort. The private entrepreneurs produce goods and services in the manner so that the customers would be able to achieve maximum satisfaction. Higher satisfaction of the consumers allows the firms to raise their offer prices for the goods and services which they offer. Hence, the best response of this critique is to bring doubtful facts into major benefits of deregulation.