Public policy can help achieve more efficient use of an economy's resources by eliminating all monopolies.

Question

Quizplus · Accepted Answer

While public policy can address and mitigate the negative effects of monopolies, it is unlikely that all monopolies can be completely eliminated. Additionally, there may be natural monopolies or situations where a single provider or producer is the most efficient or effective option. Therefore, achieving a more efficient use of resources involves a range of measures beyond simply eliminating monopolies.

Public Policy Can Help Achieve More Efficient Use of an Economy's