Open In App

Warning: foreach() argument must be of type array|object, bool given in /var/www/html/web/app/themes/studypress-core-theme/template-parts/header/mobile-offcanvas.php on line 20

Chapter 9: Public Ownership (page 327)

What is 1 advantage of public ownership?

Short Answer

Expert verified

economies of scale

Step by step solution

Public Ownership

the process of economies of scale can be achieved as the government will operate the firm in such a way that they will be able to produce a higher level of output and with low costs

Unlock Step-by-Step Solutions & Ace Your Exams!

Full Textbook Solutions
Get detailed explanations and key concepts
Unlimited Al creation
Al flashcards, explanations, exams and more...
Ads-free access
To over 500 millions flashcards
Money-back guarantee
We refund you if you fail your exam.

Start your free trial

Over 30 million students worldwide already upgrade their learning with Vaia!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

Currently, the social security payroll tax in the United States is evenly divided between employers and employees. Employers must pay the government a tax of 6.2 percent of the wages they pay, and employees must pay 6.2 percent of the wages they receive. Suppose the tax were changed so that employers paid the full 12.4 percent and employees paid nothing. Would employees be better off?

What is 1 disadvantage of public ownership?

What is economic liberalisation?

What is the inverse relationship in the demand for labor curve?

How does a change in technology affect the demand for labor?

See all solutions

Recommended explanations on Economics Textbooks

Taxation Economics

Read Explanation

View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.

Sign-up for free