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JAMB Commerce 2007 Question 4

Question 4

Government and Business

Citizens are against privatisation mainly because of

  1. A.the rationalisation of organisations
  2. B.increased prices of goods and services
  3. C.the likelihood of monopoly
  4. D.ineffective management.
Show the answer and explanation

Answer: B (increased prices of goods and services)

Explanation

Private owners charge prices that cover costs plus profit, so people fear goods and services will become more expensive.