I need answer in full explanation. The single-price monopoly equilibrium is Pareto ineffcient and leads to a positive d

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answerhappygod
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I need answer in full explanation. The single-price monopoly equilibrium is Pareto ineffcient and leads to a positive d

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I need answer in full explanation.
The single-price monopoly equilibrium is Pareto ineffcient and leads to a positive deadweight loss. However, monopolies also have certain benefits in terms of technical progress, innovation, unique products/services and fostering of entrepreneurship. Do you agreee with the view that monopolies should be heavily regulated by the government ? Or should governments intervene only as and when necessary ?
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