In cases of market failures, government intervention is often necessary to ensure fair competition and prevent negative outcomes such as monopolies. One common method the government uses is to __________ monopolies by promoting competition and regulating prices.

In cases of market failures, the government steps in to help make sure businesses compete fairly and that no single company becomes too powerful, which is known as a monopoly. One common way the government does this is by promoting competition, which means encouraging new businesses to enter the market so that consumers have more choices. For example, if a large company controls the entire market for a product, the government might lower barriers for other companies to start selling similar products. Additionally, the government can regulate prices to prevent the monopoly from charging unfairly high prices. This helps protect consumers and ensures that the market works better for everyone.