WAEC Commerce 2018 Objective — Question 40
Question 40 of 50 from the West African Examinations Council (WAEC) Commerce 2018 Objective paper, with the correct answer and a full explanation.
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An advantage of privatizing a firm is that it
- A. becomes more efficientCorrect
- B. sells good at low prices
- C. employs more workers
- D. attracts more customers
Explanation
A key advantage of privatization is that the firm typically becomes more efficient once run for profit rather than by government.
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