Statement 1: Privatization provides new private owners with a strong incentive to explore new markets while exiting failing ones. Statement 2: Privatization is the process of transferring state property ownership to private persons, usually through the sale of public assets at auction Statement 3: Privatization is viewed as a means of boosting economic efficiency. Statement 4: Privatization provides new private owners with significant incentives such as higher profit margins and the ability to enhance efficiency Which of the following is false? © Both statements 1 and 2 are true O Both statements 3 and 4 are true O Options a and b are true O Options a, b, and c are all true (page 81) O None of the above are true

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