question archive Which of the following is not an approach typically used for dealing with monopoly behavior? a
Which of the following is not an approach typically used for dealing with monopoly behavior? a
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Which of the following is not an approach typically used for dealing with monopoly behavior?
a. Breaking a large firm into smaller companies.
b. Having a government agency set the prices for a monopoly firm.
c. Letting competition just naturally develop in a monopoly market.
d. Creating various laws to address monopoly behavior.
e. Mandating public ownership of a monopoly firm.
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Which of the following is not an approach typically used for dealing with monopoly behavior?
The best answer is c.
| a. Breaking a large firm into smaller companies. | This has happened. AT&T, IBM, and Mircosoft are examples. |
| b. Having a government agency set the prices for a monopoly firm. | This happens, primarily in the case of public utilities like electricity and water. |
| c. Letting competition just naturally develop in a monopoly market. | This is the best answer because this approach is not typically used. |
| d. Creating various laws to address monopoly behavior. | This has happened in the US, starting with the Sherman Act in 1890. |
| e. Mandating public ownership of a monopoly firm. | This is another approach used in the case of public utilities. |
