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Social Studies

1 answer:

Natali5045456 [20]3 years ago

5 0

Answer:To promote competition

To protect consumers

Explanation: The government may wish to regulate monopolies to protect the interests of consumers.The government can regulate monopolies through: Price capping, limiting price increase. The government opposes monopolies because its promote competition among firms, hence, the competition birth the availability of varieties of product in the market, it will give the consumer the power to choose preference from several goods produced. Secondly, government opposes monopolies to protect consumers. Protection of consumers is pertinent to the government because monopoly gives a firm

to charge prices that are too high and production is too low.

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