Public services are often offered in noncompetitive markets.

Name: Public services are often offered in noncompetitive markets.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Public services, such as police, fire departments, and public schools, are often offered by the government as a monopoly or oligopoly, meaning they are not subject to competition from other providers. This is because they are considered essential for the community and it may not be practical or efficient to have multiple providers offering the same service.

Public Services Are Often Offered in Noncompetitive Markets