Private ownership of a monopoly cannot benefit society.

Name: Private ownership of a monopoly cannot benefit society.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Private ownership of a monopoly can benefit society if the monopoly is efficiently regulated to prevent abuse of power, ensure fair pricing, and encourage innovation, thereby providing essential services or goods that might be difficult to supply in a competitive market due to high initial costs or technical complexities.

Private Ownership of a Monopoly Cannot Benefit Society