Government regulations can create de facto monopoly results.

Name: Government regulations can create de facto monopoly results.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Government regulations can create barriers to entry for new competitors, thus limiting competition and leading to de facto monopoly results. This can happen, for example, when regulations make it difficult or expensive for new firms to enter the market, or when regulations favor established players in the industry.

Government Regulations Can Create De Facto Monopoly Results