Adam Smith and most of the typical economists who followed instantly in his footsteps: (i) viewed monopoly as no big problem. (ii) encouraged monopolies due to their research and development abilities. (iii) thought monopoly power was a communist plot. (iv) loathed monopolization and viewed this as largely government sponsored and a conspiracy to sink the wages of labor. (v) never seemed the problems of monopoly power.
Please choose the right answer from above...I want your suggestion for the same.