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JAMB Economics 1984 Question 28

Question 28

Business Organisations

The economic goal of public utilities is to

  1. A.maximize profits
  2. B.expand assets
  3. C.minimize costs
  4. D.provide essential services
  5. E.pay higher dividends to shareholders.
Show the answer and explanation

Answer: D (provide essential services)

Explanation

Public utilities such as water and electricity exist mainly to provide essential services to the public.