Which of the following is a disadvantage of the corporation compared to the sole proprietorship?
a. limited liability
b. difficulty raising start-up money
c. lack of profitability
d. corporate income is taxed twice
e. corporations are more vulnerable in the case of the death of an owner
D
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In which of the following cartels is total cartel profit likely to be the highest?
A) a cartel made up of firms of various sizes each producing the same quantity of a differentiated product B) a cartel made up of identical firms each producing the same quantity of a homogeneous product C) a cartel made up of equal sized firms each producing different quantities of a differentiated product D) a cartel made up of firms of various sizes each producing different quantities of a homogeneous product
Futures trading practices in the United States are regulated by
A) the Chicago Board of Trade. B) the Chicago Mercantile Exchange. C) the Commodities Futures Trading Commission. D) the Board of Futures Trading.