A major difference between a state-owned enterprise and a private enterprise is that the former?

Economics JAMB 1990

A major difference between a state-owned enterprise and a private enterprise is that the former?

  • is not expected to cover its costs of production while the latter is
  • is not always expected to maximize profits while the latter is checkmark
  • has shareholders while the latter does not
  • has a board of directors while the latter does not

The correct answer is: B

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