Shift to the left or right for supply: business taxes decrease or subsidaries increase

Which of the following statements is true about a competitive market? A competitive market

A) has a handful of sellers but always has many buyers. B) must have a physical location. C) includes markets for goods and services but not for inputs. D) has so many buyers and sellers that no one can influence the price. E) has one seller competing to sell his or her product.

As a form of business, a partnership

A) cannot issue stock. B) has limited liability. C) has the most government rules and regulations affecting it. D) has only one owner.