When a monopoly is inevitable, the government often

Question

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When a monopoly is inevitable, the government may set a maximum price for the monopolist in order to prevent the monopolist from charging excessively high prices and taking advantage of consumers. The other options listed may not be as effective or may not make sense depending on the specific circumstances. However, it is important to note that some economists argue that a natural monopoly can still be efficient and beneficial, and breaking it up into smaller firms could actually lead to higher costs for consumers.

When a Monopoly Is Inevitable, the Government Often