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Which of the following justifies the existence of public enterprises

Commerce
WAEC 2009

Which of the following justifies the existence of public enterprises

  • A. Making quick decision
  • B. Creating monopoly
  • C. Making profit for government
  • D. Providing essential services
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Correct Answer: Option D
Explanation

The major and most important reason for the establishment of government-run enterprises is for the provision of essential services at a cheaper rate.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts