The government can create monopolies by legally requiring its citizens to buy from a particular seller.

Question

Quizplus · Accepted Answer

This is true. When the government legally requires citizens to buy from a particular seller, it eliminates competition and establishes a monopoly for that particular seller. This can lead to higher prices and lower quality products or services, as there is no incentive for the seller to improve or offer better deals since they have a guaranteed customer base.

The Government Can Create Monopolies by Legally Requiring Its Citizens