Splitting up a monopoly is often justified on the grounds that

Question

Quizplus · Accepted Answer

Splitting up a monopoly is often justified on the grounds that competition is inherently efficient. Monopolies have the ability to charge higher prices and have less incentive to innovate or improve quality because of their lack of competitors. Breaking up a monopoly into smaller firms can increase competition, leading to more efficient markets, lower prices, and greater innovation.

Splitting Up a Monopoly Is Often Justified on the Grounds