What did Turgot think about monopolies?
Against monopolies
Support monopolies
Neutral on monopolies
Encourage monopolies
Answer
Against monopolies, Turgot believed that they stifled competition and innovation, leading to higher prices and lower quality goods. He argued that monopolies granted exclusive privileges to certain individuals or companies, creating an unfair advantage and preventing others from entering the market. Turgot advocated for free trade and open markets, where businesses could compete on equal terms, driving down prices and improving quality for consumers.
31 Anne Robert Jacques Turgot Questions: Can You Get a Perfect Score?
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