3 ms·
Apologies. I intended "costs" to mean "costs to consumer".
by bmelton 9y ago
Apologies. I intended "costs" to mean "costs to consumer".
- mcv 9y agoSure, if the costs to the consumer is equal, it doesn't matter much. But I think that's unlikely. In a privatised versus nationalised comparison, I think the costs to the consumer are either going to be higher if it's an area where competition doesn't work efficiently (monopolies, duopolies, cartels), or lower if it's an area where competition does work efficiently (a transparent market with many suppliers).