Explain why you probably receive better by Dr. Robert Murphy @Mises

Question 9 / 15: Explain why you probably receive better service at Walmart than at the Department of Motor Vehicles.

Answer:

The DMV has a monopoly on its "services" and thus has little

incentive to keep its "customers" satisfied. In contrast, if Walmart

employees consistently treat customers rudely, Walmart will lose

market share and eventually go out of business if the problem is

severe enough.

Sample Partial Credit Answer

Walmart has competition.

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https://www.jobilize.com/socialism-the-command-economy-by-dr-robert-murphy-mises

Socialism: The Command Economy

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Dr.Robert MurphyAssociated Scholar

Mises Institute

USA

Attribution: Dr. Robert P. Murphy, Lessons for the Young Economist. (Mises Institute), http://mises.org/document/6215/Lessons-for-the-Young-Economist (Accessed 04 April, 2014). License: Creative Commons BY

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