an advantage of privatizing a firm is that it?
COMMERCE
WAEC 2018
an advantage of privatizing a firm is that it?
- A. becomes more efficient
- B. sells goods at low prices
- C. employs more workers
- D. attracts more customers
Correct Answer: A. becomes more efficient
Explanation
The advantages of transferring government-owned assets to the private sector are increased efficiency and profits, largely because competition incentivizes innovation and improvement.
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