be original and use your own words Give an example of a government-created monopoly. Is creating...

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be original and use your own words Give an example of a government-created monopoly. Is creating...

be original and use your own words

Give an example of a government-created monopoly. Is creating this monopoly necessarily bad public policy? Explain.

business economics

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Answer 1

Answer #1

An example of a government created monopoly are cable companies. Comcast is included in it. Electricity is another example which may KSEB.

Creating these monopolies are not necessarily bad for public. It is actually better good for the public. Government creates monopolies inorder to save the people from high costs by maintaining the price regarding those services at a low level. It also makes the free market competitions ineffective.

Thanks !..

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Answer 2

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