Multiple Choice
Some economists agree that monopolies are inevitable and bad, but they also believe that price regulation is the wrong way to combat the high prices of a monopolist. They prefer
A) deregulating prices
B) nationalization
C) laissez-faire
D) encouraging concentration
E) splitting up the monopoly
Correct Answer:

Verified
Correct Answer:
Verified
Q127: Laissez-faire advocates believe that the government should<br>A)
Q128: If competition can be relied upon to
Q129: A cease-and-desist order issued by the FTC
Q130: A fair price is set where P
Q131: Monopoly profit cushions the losses that may
Q133: The "per se" standard makes antitrust action
Q134: Those who believe that monopolies are both
Q135: Some economists feel we should encourage market
Q136: Alan runs the only taxi service in
Q137: The deregulation of AT&T was possible primarily