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In most cases, markets are considered more efficent and better off when monopolies are broken up. Why is it hard for governments to do
In most cases, markets are considered more efficent and better off when monopolies are broken up. Why is it hard for governments to do this? Correct Answer(s) Drag approprie answer(s) here Monopolists have a lot of money to fend off antitrust lawsuits. If a monopoly splits up, a new one will form from the resulting competitive firms. Monopolies produce more social welfare than competitive markets, so breaking them up would have large consequences. Incorrect Answer(s) 48 3 E 44 +++ + ++ + Monopolies often have laws to protect them. Sometimes keeping a monopoly intact is the best option when it lowers production costs. + Competitive firms cause just as many problems for consumers. Drag appropriate answer(s) here Q Search F5 F6 FB T G 7 H. 00 * :0 F10 +
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