A nationalised industry is made private. Assuming that the industry’s output does not change in the short run, what are the immediate effects of this change?
- Asize of public sector decreases; proportion of industry output entering the market increases
- Bsize of public sector decreases; proportion of industry output entering the market no change
- Csize of public sector no change; proportion of industry output entering the market increases
- Dsize of public sector no change; proportion of industry output entering the market no change