When economists urge the federal government to attempt to eliminate monopoly, they do so mainly in order to:

Question

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Economists urge the government to eliminate monopoly in order to promote competition in the market. Monopoly restricts competition, leading to higher prices and fewer options for consumers. By promoting competition, the government ensures that consumers have a wider variety of choices at lower prices, while also encouraging innovation and efficiency in the market.

When Economists Urge the Federal Government to Attempt to Eliminate