Which Is an Ironic Solution to the Government Protected Monopoly

question 27

Multiple Choice

Which is an ironic solution to the government protected monopoly?

• A) The government might try to "force" less competition in the market.
• B) The government might "do more" by "doing less," i.e., by removing the monopoly's protection.
• C) The dead weight loss goes to the government.
• D) The inherent unfairness of monopoly can only be solved by dictatorship.

---

Definitions:

Permission

Authorization granted by one party to another to do something that is otherwise not allowed or would be illegal without such authorization.

Lawsuit

A legal action brought by one party against another in a court of law, typically seeking a remedy for a wrong.

Negligence Per Se

A legal doctrine wherein an act is considered negligent because it violates a statute or regulation.

Assumption of the Risk

A legal theory in personal injury cases where the plaintiff is considered to have voluntarily accepted a known risk associated with an activity or condition, possibly limiting the defendant's liability.