A privately owned firm that is regulated by the government is very similar to a firm that the government owns because:
A) both make economic profits.
B) neither have a profit motive.
C) both minimize costs.
D) both result in no deadweight loss.
E) neither earn economic profits.

Question

Quizplus · Accepted Answer

The Answer of A privately owned firm that is regulated by the government is very similar to a firm that the government owns because:
A) both make economic profits.
B) neither have a profit motive.
C) both minimize costs.
D) both result in no deadweight loss.
E) neither earn economic profits.

A Privately Owned Firm That Is Regulated by the Government