A market in which resources are traded is known as a(n)
a. factor market
b. perfectly competitive market
c. open market
d. closed market
e. equilibrium market
A
Economics
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If a person owns 51 percent of the common stock in a corporation,
a. that person receives all of the corporation's profits b. that person is the only one allowed to vote at shareholder meetings c. that person loses the protection of limited liability d. that person can effectively control the business e. the corporation now becomes a sole proprietorship
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