There are a range of measures available to government to deal with market dominance and the abuse of monopoly power.
These include:
• the use of regulation and price controls
• the use of taxation
• breaking the monopoly up
• removing barriers to entry to make the market more competitive or contestable
• the use of subsidies
• nationalisation.
Clearly each of these policies has their advantages and disadvantages
marlinbito answered the question on July 8, 2018 at 16:45
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