Some economists argue the best response to a monopoly is to:
A) do whatever the public demands.
B) do nothing at all.
C) never publicly own enterprises because it raises taxes.
D) None of the statements is true.

Question

Quizplus · Accepted Answer

Some economists believe that market forces will eventually correct monopolies without intervention, as new competitors may enter the market or consumer preferences may change.

Some Economists Argue the Best Response to a Monopoly Is