Is Business-Government cooperation good

Question
1.Is Business-Government cooperation good?
You hear someone say, “The Japanese or Chinese or Koreans or others, are beating us at every step. We must act as they do. We must allow and encourage cooperation among firms, and we must develop partnerships between business and government.” Do you see benefits or dangers in this policy? What are they?

2.Would auctioning broadcast licenses for radio frequencies be more efficient that having the federal Communications commission (FCC) assign licenses on some basis designed by the FCC? Why do you think so? Should these licenses be permanent or renewed every so often?

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