Choose the correct statement.Policymakers in Government can respond to the problem of monopoly by:
(i) turning private monopolies into public enterprises
(ii) lowering input costs for the monopoly
(iii) regulating the behaviour of monopolies
A)(i) only
B)(iii) only
C)(ii) and (iii) only
D)(i) and (iii) only

Question

Quizplus · Accepted Answer

Policymakers can address monopoly issues by nationalizing private monopolies, making them public enterprises, or by regulating their behavior to ensure fair competition and pricing. Lowering input costs for the monopoly does not directly address the problem of monopoly power.

Choose the Correct Statement