The Incentive to Privatize Is Primarily Financial

question 74

True/False

The incentive to privatize is primarily financial.

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Definitions:

Diseconomies of Scale

A situation where a company or organization grows so large that the costs per unit increase.

Long-run

A period in economics sufficient for all markets to adjust to changes, including those made in physical capital or production capacities.

Average Total Cost

The total cost of producing a particular quantity of output divided by the quantity of output produced, encompassing both fixed and variable costs.

Input Prices

The cost of resources used in the production of goods and services.