Because government-operated firms do not have to make a profit, they can usually produce at a lower
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Because government-operated firms do not have to make a profit, they can usually produce at a lower cost and charge a lower price than privately owned enterprises.” Evaluate this view.
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The view that governmentoperated firms can produce at a lower cost and charge lower prices than privately owned enterprises is a matter of debate and can vary depending on several factors Its importan...View the full answer
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Related Book For
Macroeconomics Private And Public Choice
ISBN: 9780357134009
17th Edition
Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
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