The advantage of public ownership of a monopoly is that prices can be based on efficiency and total surplus,rather than profit maximization.

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In public ownership of a monopoly, the focus shifts from profit maximization to efficiency and maximizing total surplus, which benefits the general public. Private ownership of a monopoly, on the other hand, can result in higher prices and reduced output in order to maximize profits.

The Advantage of Public Ownership of a Monopoly Is That