We study the \emph{Monitoring Edge-Geodetic Set} problem (MEG-Set), which asks for a minimum-cardinality set $M$ of vertices of an undirected graph $G$ of $n$ vertices such that every edge of $G$ belongs to all shortest paths between some pair of vertices in $M$. We present new approximation and hardness results for MEG-Set. On the positive side, we design a deterministic polynomial-time $O(n^{1/3}\log^{2/3}n)$-approximation algorithm, improving upon the previously best-known $O(\sqrt{n\log n})$ approximation ratio. On the negative side, for every constant $\varepsilon \in (0,1)$, we prove that the problem admits no polynomial-time $\big(2^{\log^{1-\varepsilon} n}\big)$-approximation algorithm, unless $\mathsf{NP}\subseteq \mathsf{DTIME}(n^{\operatorname{polylog} n})$. This substantially improves upon the previously known logarithmic inapproximability bound. We also prove that \megset is $\mathsf{NP}$-hard on planar $2$-degenerate graphs, whereas $\mathsf{NP}$-hardness was previously known for $1$-apex $2$-degenerate graphs. We conclude by observing a connection between monitoring edge-geodetic sets and subsetwise distance preservers, i.e., subgraphs that preserve distances between all pairs of vertices in $S\subseteq V(G)$. Specifically, we show that any upper bound on the size of the latter yields a lower bound on the size of the former.

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