Public intervention in markets can often result in distortion of competition and act as a barrier to market entry and expansion. A key difference between private and public entities is that the latter cannot be declared bankrupt and public entities also benefit from being financed through tax funding. Consequently, they operate on the market under different conditions and their mere presence on the market give rise to inevitable market distortions
Mødedato: 13-11-2009
The Pros and Cons of competition in/by the Publich Sector
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