Economic theory suggests that government-operated monopolies will
A) be highly efficient and follow policies that are in the consumers' interest.
B) be dominated by persons who, while seeking to serve the public interest, are not hard-nosed enough to run a business efficiently.
C) be inefficient because of poor incentives for operational efficiency.
D) favor the consumer at the expense of special interest groups in and out of government.
Correct Answer:
Verified
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