A simple solution to the problem of monopolies is for the government to regulate price.

Question

Quizplus · Accepted Answer

While government regulation of prices can sometimes mitigate the negative effects of monopolies by making goods and services more affordable, it does not address the root causes of monopoly power, such as lack of competition, barriers to market entry, or control over essential resources. Additionally, price regulation can lead to reduced incentives for innovation and efficiency.

A Simple Solution to the Problem of Monopolies Is for the Government