If a good has only one producer, with no threat of competition, it is likely that government intervention in the market will:

Name: If a good has only one producer, with no threat of competition, it is likely that government intervention in the market will:
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Question

Quizplus · Accepted Answer

Government intervention in a monopoly can increase total surplus by regulating prices or breaking up the monopoly, leading to more competitive pricing and improved allocation of resources.

If a Good Has Only One Producer, with No Threat