The Key Issue in Determining the Efficiency of Public Versus

question 86

Multiple Choice

The key issue in determining the efficiency of public versus private ownership of a monopoly is

• A)the tendency for efficient management of publicly owned enterprises.
• B)the inability of private monopolies to get rid of managers that are doing a bad job.
• C)the propensity of private monopolies to generate excessive profits.
• D)how ownership of the firm affects the cost of production.

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Definitions:

Altered Check

A negotiable instrument that has been unlawfully modified in order to benefit someone other than the intended payee, typically involving change to the amount or payee name.

Good Faith

Acting with honesty and integrity without any intention to deceive or defraud in a transaction or contract.

Breach

The violation or infringement of a law, obligation, contract, or trust.

Ordinary Care

The degree of care that a reasonably prudent person would exercise under similar circumstances to avoid harm to themselves or property.