Which of the following is true of private ownership?

a$.$ Firms are established by entrepreneurs, owners, and investors.

b$.$ Management appointments are made by government officials and bureaucrats who may also use noneconomic criteria.

c$.$ Firm's objective would be to find a "fair" deal for all stakeholders.

d$.$ Firms deemed "too big to fail" may be supported by taxpayer dollars indefinitely.

d

b

a

c