The best solution to the problem of welfare loss from monopoly is public ownership.

Question

Quizplus · Accepted Answer

Public ownership is not always the best solution to the problem of welfare loss from monopoly because it can lead to inefficiencies in operation, lack of innovation, and potential political interference. Other solutions, such as regulation, antitrust laws, and promoting competition, can address welfare loss more effectively in many cases.

The Best Solution to the Problem of Welfare Loss from Monopoly