Government regulation of the prices charged by monopolies is an example of

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Monopolies have the power to charge high prices due to lack of competition, hence government intervention might be necessary to regulate their behavior. This is called economic regulation. Safety regulation is focused on ensuring safety standards are met in industries that may pose risks to public health or safety. Herfindahl regulation is not a term known in economic regulation. Antitrust regulation and antimerger regulation are forms of legal regulation that deal with preventing anti-competitive behavior and promoting competition in markets.

Government Regulation of the Prices Charged by Monopolies Is an Example