A government is worried that companies owned by foreigners account for a large share of the economy’s output. It therefore nationalises timber extraction, which is run by a foreign-owned company. What benefit will the economy receive from the change in ownership?
- Aforestry workers will become the new owners
- Bprofits will no longer be sent abroad to foreign shareholders
- Csocial costs arising from forestry will be eliminated
- Dthe market for timber will become more competitive