Three examples of solutions to the problems of a monopoly are harnessing the benefits of ________,________ trade barriers,and ________ markets.
A) competition; reducing; regulating
B) monopolies; reducing; regulating
C) competition; increasing; regulating
D) monopolies; increasing; regulating
E) competition; increasing; deregulating

Question

Quizplus · Accepted Answer

The correct answer is A) competition; reducing trade barriers; and regulating markets. Introducing competition helps to break down monopolies by allowing more firms to enter the market. Reducing trade barriers enables more foreign competitors to enter the market, which can also help to break down domestic monopolies. Regulating markets can prevent monopolistic practices and ensure fair competition.

Three Examples of Solutions to the Problems of a Monopoly