Some economists who consider monopoly to be both inevitable and bad are inclined toward a policy of ___________ if regulation of the monopoly seems ineffectual.
A) contestable market
B) price controls
C) countervailing power
D) creative destruction
E) nationalization

Question

Quizplus · Accepted Answer

Economists who view monopoly as both inevitable and undesirable, yet find regulation ineffective, might lean towards nationalization. This involves the government taking control of the monopoly to ensure it serves the public interest, as other measures are seen as insufficient.

Some Economists Who Consider Monopoly to Be Both Inevitable and Bad