A private organization does not have efficiency as a primary goal, it has making profit as a primary goal. In a highly competitive market where consumers have m

A private organization does not have efficiency as a primary goal, it has making profit as a primary goal. In a highly competitive market where consumers have many viable alternatives efficiency is required to be able to compete and offer the lowest prices. In quasi-monopoly situations efficiency is not required at all to make a profit since there is no alternative for consumers to switch to, and in reality private companies will generally be less efficient in this situation because they have less accountability to their customers than the government, which means they are more than happy to raise rates more and skim more money off of the top.