Some economists agree that monopolies are inevitable and bad, but they also believe that price regulation is the wrong way to combat the high prices of a monopolist. They prefer
A) deregulating prices
B) nationalization
C) laissez-faire
D) encouraging concentration
E) splitting up the monopoly

Question

Quizplus · Accepted Answer

Splitting up the monopoly is a way to increase competition, which can lead to lower prices and better services for consumers, without resorting to direct price regulation.

Some Economists Agree That Monopolies Are Inevitable and Bad, but They