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:

Uncontrollable

Describing events or processes that cannot be managed, directed, or restrained.

Human-Made

Refers to objects, environments, or processes that are created or significantly altered by humans, as opposed to occurring naturally in the environment.

Familiar

Well known from long or close association, giving a sense of comfort or recognition.

Systematic Desensitization

A therapeutic technique used to treat phobias and anxiety disorders by gradually exposing the patient to the feared object or situation in a controlled manner.