Which is an ironic solution to the government protected monopoly?
A) The government might try to "force" less competition in the market.
B) The government might "do more" by "doing less," i.e., by removing the monopoly's protection.
C) The dead weight loss goes to the government.
D) The inherent unfairness of monopoly can only be solved by dictatorship.

Question

Quizplus · Accepted Answer

The ironic solution to a government-protected monopoly would be to remove the protection, which would go against the very reason for the monopoly's creation. The removal of protection would actually promote competition and decrease the monopoly's power.

Which Is an Ironic Solution to the Government Protected Monopoly