Government intervention is always detrimental to market efficiency, regardless of the presence of monopolies.

Government intervention in markets can sometimes be necessary to improve efficiency, even in cases of monopolies. While it’s true that too much regulation can create inefficiencies, there are situations where government action helps protect consumers and promote fair competition. For example, if a monopoly is charging very high prices for a necessary product, the government might step in to regulate prices or provide alternatives. This intervention can help ensure that everyone has access to essential goods and services, which might not happen if the market were left completely alone. Therefore, while government actions can have drawbacks, they can also play a crucial role in addressing market failures and protecting public interests.