Which of the following is NOT a typical problem caused by monopolies?

In the context of monopolies, the typical problems they cause often relate to market power that allows them to dictate terms without the influence of competition. Higher prices for consumers arise because monopolies can set prices above the competitive level, leading to a decrease in consumer surplus. Reduced consumer choice occurs because a monopoly controls the market, limiting the variety of products or services available. A lack of innovation can also result from monopolies, as the absence of competitive pressure may reduce their incentive to innovate or improve products.

More competition, however, is not a typical problem associated with monopolies; rather, it is the opposite. Monopolies exist precisely because they dominate the market without sufficient competition. The presence of a monopoly eliminates many competitors, which contradicts the notion that they create more competition. Therefore, this option is identified as the one that does not fit the typical issues caused by monopolies. Understanding this helps to grasp the broader implications of monopoly power in the economy, including its effects on pricing, consumer choice, and innovation.