Public policies toward monopoly in Canada often consist of:
A) laws outlawing all of them.
B) the regulation of natural monopolies.
C) government takeover if monopoly profit exceeds a certain level.
D) forcing monopoly industries to become perfectly competitive.

Question

Quizplus · Accepted Answer

The best choice for public policies toward monopoly in Canada is the regulation of natural monopolies. This allows the government to ensure that monopolies are not exploiting consumers or engaging in anti-competitive behavior while also recognizing the benefits of having natural monopolies in certain industries. Outlawing all monopolies or forcing them to become perfectly competitive may not be feasible or desirable in certain industries, while government takeover based on profits can be arbitrary and discourage innovation.

Public Policies Toward Monopoly in Canada Often Consist Of