Several years ago, the nation of florentina had a government-owned telecommunication system that lagged far behind other nations. in several of its rural areas, there was only one phone for an entire village of people. government taxes collected for the purpose of maintaining the telephone system were very meager, so the notion of expanding service was almost impossible. the government of florentina decided to sell the phone company to a private firm. the private firm expanded rapidly. it reported that even poor consumers were willing to pay for a private phone line. this government decision and subsequent sale was:

The interaction of individual choices because a type of fish is on the verge of extinction, the government imposes rules that prohibit fishing in the publicly owned spawning grounds. at first owners of fshing bouts complain about this restriction on where they can fish, but soon they notice that the number of adult fish swimming outside the protected area is much higher than it was before. with the restriction, each fishing boat ends up catching more fish than it did before the r which of the following principles of economic interaction best describes this scenario? o there is a tradeoff between equality and efficiency o markets usually lead to efficiency. o when markets do not achieve efficiency,government intervention can improve overall welfare o markets allocate goodseffectively