In the Case of a Natural Monopoly,which Government Response Is

question 116

Multiple Choice

In the case of a natural monopoly,which government response is LEAST practical?

• A) leave the monopolist firm free to maximize its profits
• B) buy the monopolist firm and operate it as a government-owned entity
• C) force the monopolist to break up into firms that compete with one another
• D) subsidize the monopoly,so it can operate at the socially optimal production level
• E) regulate the monopolist firm's price,to equal average total cost

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