Question

Contracting out services of the virtual unregulation and largely commercial private system is fraught with risks.

In the following question, a sentence / a part of sentence is bold. Below are given alternatives to the bold part which may improve the sentence. Choose the correct alternative. In case no improvement is required, choose "No Improvement" option. 
A in a virtual unregulation
B of virtually unregulate
C in a virtually unregulated
D for a virtual unregulated
E None of these
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