which of the following is a reason for failure of public corporations
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Correct Answer: Option B
Explanation:
Public sector failure occurs when government intervention in the economy leads to an inefficient allocation of resources and leads to an overall decline in economic welfare. Government failure can occur for various reasons, such as. Lack of profit incentive in the public sector.
Public sector failure occurs when government intervention in the economy leads to an inefficient allocation of resources and leads to an overall decline in economic welfare. Government failure can occur for various reasons, such as. Lack of profit incentive in the public sector.