The George Stigler quote, "...the degree of 'market failure' for the American economy is much smaller than the 'political failure' arising from the imperfections of economic policies ..." illustrates the advantage of which type of public policy toward monopolies?
A)antitrust laws
B)regulation
C)public ownership
D)"do nothing"

Question

Quizplus · Accepted Answer

The quote suggests that government intervention often leads to greater inefficiencies than the market failures they aim to correct, implying that a "do nothing" approach might be more advantageous.

The George Stigler Quote,