The consensus among economists who consider monopoly and oligopoly to be both inevitable and undesirable is, when confronted with a monopolized industry, to
A) look the other way
B) allow government regulation of the industry
C) withhold patent privileges
D) engage in a laissez-faire strategy
E) purchase controlling stock in the monopoly

Question

Quizplus · Accepted Answer

Government regulation is often seen as a necessary measure to control monopolies and protect consumers, ensuring fair prices and preventing abuse of market power.

The Consensus Among Economists Who Consider Monopoly and Oligopoly to Be