The basic difference between a public bureau and a market firm is that the bureau
A)has an incentive to maximize profits
B)has no incentive to minimize costs
C)managers do not attempt to maximize their self interest
D)managers are more likely to be concerned with the public interest than their own self interest
E)faces a budget constraint placed up it by the voters

Question

Quizplus · Accepted Answer

Public bureaus typically do not have the same profit incentives as market firms, which can lead to less emphasis on cost minimization.

The Basic Difference Between a Public Bureau and a Market