Monopoly and public policy - dealing with Natural monopoly - Public Ownership
3 important questions on Monopoly and public policy - dealing with Natural monopoly - Public Ownership
What are publicly owned companies in Canada called?
Crown corporations
What is the advantage of public ownership?
Publicly owned natural monopoly can set prices based on the criterion of efficiency rather than profit maximization.
What is the disadvantage of public ownership
Firms are less eager to keep the costs down, or offer high quality products
publicly own jobs serve political interest, providing contracts or jobs to people with connections
publicly own jobs serve political interest, providing contracts or jobs to people with connections
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