If the personal assets of the owners can be claimed if the business is bankrupt, the owners are said to have
A) unlimited liability.
B) a corporation type of business.
C) limited liability.
D) separation of ownership from control.
Answer: A
Economics
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The above figure shows a labor market with minimum wage equal to $16. In this figure, what area equals the deadweight loss?
A) area A B) area B C) area C D) area D E) area E
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