Some economists believe that monopolies are both inevitable and beneficial to society. They believe that monopolies are more efficient than competitive markets and generate lower prices. For these reasons they oppose _________ and advocate __________.

Question

Quizplus · Accepted Answer

Economists who view monopolies as beneficial and more efficient than competitive markets typically oppose antitrust laws, which are designed to prevent monopolies and promote competition. They advocate for laissez-faire policies, which favor minimal government intervention in the economy.

Some Economists Believe That Monopolies Are Both Inevitable and Beneficial