Government intervention is always preferable to doing nothing when reducing the social inefficiencies of monopoly.

Question

Quizplus · Accepted Answer

Government intervention in monopolies can sometimes lead to inefficiencies or unintended consequences, such as regulatory capture or stifling of innovation. It's not always preferable to doing nothing, as the market may self-correct or the costs of intervention may outweigh the benefits.

Government Intervention Is Always Preferable to Doing Nothing When Reducing