Answer the following statements true (T) or false (F)

1. In a highly competitive marketplace, market forces serve to regulate business practice no regulation is necessary.
2. The taxi industry is one of the most regulated in Canada.
3. Businesses, not government, are the architects of economic growth.
4. One form of privatization is the monopoly franchise.
5. Many government-owned enterprises have been sold or dissolved as governments became disillusioned with their operation or concluded the private sector could operate such corporations more effectively.


1. FALSE
2. TRUE
3. FALSE
4. TRUE
5. TRUE

Business

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