Identifying the non-supportive argument for privatization

Steps:

• Define privatization as transferring state-owned assets to private ownership to enhance efficiency and market dynamics.
• Evaluate each option to determine if it presents a benefit or advantage of privatization.
• Identify arguments that promote efficiency, competition, or revenue as supportive.
• Select the option that highlights a drawback, indicating it's not in support.

Why C is correct:

• Privatization arguments focus on benefits like efficiency and competition; C describes exploitation as a potential negative outcome, which is a criticism, not a support, per economic theory on market failures.

Why the others are wrong:

• A supports by promoting resource allocation efficiency through private incentives.
• B supports by fostering competition, leading to better services and innovation.
• D supports by generating government funds for public spending or debt reduction.

Final answer: C