The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne

Exercise 3

In each of the following examples, what are the significant differences between government-owned and nongovernment-owned enterprises? Why do you think the government owns the enterprises mentioned? What different forms does competition take in the case of government owned enterprises? In what different ways do they operate because of their government ownership?
(a) Investor-owned utilities and utilities owned by states or municipalities
(b) State colleges and private colleges
(c) City-owned interurban bus companies and interurban bus companies such as Greyhound and Trail ways
(d) Forest Service campgrounds and privately owned campgrounds
(e) Public libraries and private bookstores