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    Most prisons are publicly owned, but Ontario opened a private prison at Penetanguishene in 2001, whereby the government pays fees to the contractor based on the number of prisoners held. Discuss whether there is potential market failure in the private provision of jails.

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    Most prisons are publicly owned, but Ontario opened a private prison at Penetanguishene in 2001, whereby the government pays fees to the contractor based on the number of prisoners held. Discuss whether there is potential market failure in the private provision of jails.

    There is a potential market failure in the private provision of jails. The reason some services are provided by the government are that such services cannot be provided by private enterprises because the private enterprises are not ...

    Solution Summary

    This solution gives you strong points concerning market failure in the private provision of jails.

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