Ask Question
BusinessBusiness
7 June, 08:56

Are there other public functions that might benefit from more competition, including competition from private firms? What key things would lead you to exclude certain kinds of business?

+2
Answers (1)
  1. 7 June, 11:40
    0
    There are loads of examples of public services that might be more efficiently run with competition. Think about the US Postal Service. With the rise of UPS and FEDex, the USPS has had to improve and change to stay competitive. I think there needs to be a line drawn where there needs to be significant oversight because the services could have a significant impact on people's livelihood. Think about police or military, I am not sure that I want a private firm handling those sensitive issues.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Are there other public functions that might benefit from more competition, including competition from private firms? What key things would ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Vernon spends the following percentages of his budget on the following goods: 13 percent on good A, 21 percent on good B, 1 percent on good C, and 3 percent on good D. For which good is price elasticity of demand the highest, ceteris paribus?
Answers (1)
Your brother is a dentist and has opened a new practice in your hometown. As a business student you know that this type of business experiences low failure rates. True or false?
Answers (1)
Assume you have the following information about an economy: Labor Force of an Economy Number of People (millions) Population over age 16 249.7 Labor force 157.2 Not in the labor force 92.5 Employed 148.2 Unemployed 9.
Answers (1)
What is valuable goods
Answers (1)
Refer to case 16.1. what big cars management tolerates could most precisely be described as
Answers (1)
New Questions in Business
A researcher randomly assigns 50 students to two groups of 25. group 1 is given computers and educational software to take home and use, while group 2 is given educational workbooks to take home.
Answers (1)
Which type of distribution is used when the producer wants more than one, but fewer than all, of the intermediaries who are willing to carry its products? A. exclusive B. selective C. intensive D. administered E. corporate
Answers (1)
Soap Company manufactures soap X and soap Y and can sell all it can make of either. Hours available to produce the products are the constrained resources.
Answers (1)
Sky High Seats manufactures seats for airplanes. The company has the capacity to produce 100,000 seats per year, but currently produces and sells 75,000 seats per year.
Answers (1)
All other things the same, in periods of increasing sales, net operating income will tend to increase more rapidly in a company with high variable costs and low fixed costs than in a company with high fixed costs and low variable costs.
Answers (1)
Home » Business » Are there other public functions that might benefit from more competition, including competition from private firms? What key things would lead you to exclude certain kinds of business?
Sign Up Forgot Password?