2. Advocates of a laissez-faire policy toward monopoly’s pricing practice believe that

a. monopoly prices are not any higher than the prices that would obtain in a more competitive environment.

b. there are no substantial barriers to entry, so that government intervention to regulate monopoly prices is unnecessary.

c. government intervention to regulate monopoly prices is necessary because there are substantial diseconomies of scale in monopolistic industries.

d. government intervention to regulate monopoly prices is necessary because there are substantial economies of scale in monopolistic industries.

e. government intervention to regulate monopoly prices is necessary because there are constant returns to scale in monopolistic industries.