The federal government sold the Lester B. Pearson International Airport in Toronto to a group of entrepreneurs, which then set up the Greater Toronto Airports Authority. This sale is an example of

Question

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The sale of the airport by the federal government to a group of entrepreneurs who then set up the Greater Toronto Airports Authority is an example of privatization, which involves the transfer of ownership and control of a public asset to a private entity.

The Federal Government Sold the Lester B