Economics WAEC

Which of the following is not a reason why statutory are run only by the government?

A. The duplication of some services will lead to resource wastage
B. all corporation provides services which individuals cannot provide
C. Essential services must be provided irrespective of the economic system adopted
D. some corporations require large financial capital which may not be easy to acquire by individuals
E. There is need to protect consumers from exploitation

Correct Answer:

Option A – The duplication of some services will lead to resource wastage

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