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Unformatted text preview: though it may initially benefit the government or some members of the government in the long run it will lead to slower response to market demand and will minimize the capital that can be gained by the company and the government through taxation. The politician is willing to support such a policy by placing the blame of the weak economy on the privatized firms, which allows the politician a greater stance in the polls thereby allowing them a greater chance at re-election. It can often be seen that politicians will jump on the band wagon or help to instigate one by passing the blame onto other groups thereby securing their position as the one against such a group, which will gain them favor with the public. Reference Brickley, J. A., Smith, C.W., & Zimmerman, J. L. (2009). Managerial Economics and Organizational Architecture Fifth Edition. New York: McGraw-Hill Irwin....
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This note was uploaded on 11/01/2011 for the course MBA 575 taught by Professor Dr.tvorik during the Spring '11 term at St. Leo.
- Spring '11