All of the following are reasons a government might choose to protect monopoly rights in an industry except:
A)to act in the public's interest.
B)to benefit insiders.
C)to encourage innovation.
D)to increase consumer surplus beyond what is achieved through competition.

Question

Quizplus · Accepted Answer

Protecting monopoly rights typically decreases consumer surplus because monopolies can set higher prices due to lack of competition, contrary to increasing it.

All of the Following Are Reasons a Government Might Choose