Public policy responses to monopolies:
A) could aim to break up existing monopolies.
B) always have more costs than benefits to society.
C) always have more benefits than costs to society.
D) never benefit society in the end.

Question

Quizplus · Accepted Answer

Breaking up existing monopolies can increase competition and lead to greater efficiency, lower prices, and more choices for consumers. While there may be some costs and challenges associated with breaking up monopolies, such as the potential loss of economies of scale or the need for regulatory oversight, the benefits to society can outweigh these costs. Options B, C, and D are incorrect because public policy responses to monopolies can have varying costs and benefits depending on the specific situation and approach taken.

Public Policy Responses to Monopolies