Regulation is guaranteed to be more efficient than a monopoly

A) True, the government is able to internalize the dead weight loss of the monopoly.
B) True, the consumers are better off if government provides the product rather than a private firm.
C) False, the government does not always have sufficient information to provide a more efficient market outcome.
D) False, the consumers are worse off under government regulation.

C

Economics

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Trade barriers are an expensive and grossly inefficient way to reach most of the goals for which they are used

Indicate whether the statement is true or false

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Which of the following is a government-inhibited good?

A) tobacco B) red wine C) public education D) cocaine

Economics