Juliana, Gabrielle, and Marcela want to start a business they are the only owners and the company does not issue stock. The type of business they want to start is a
A) partnership. B) corporation.
C) sole proprietorship. D) Any of the above could be correct.
A
Economics
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If a nation decides to specialize and trade, which of the following situations could be expected to occur?
a) lower prices b) fewer domestic jobs c) decreased resource availability d) decreased dependence on other nations e) decreased quantity and quality of goods
Economics
Both a perfectly competitive firm and a monopolist:
A. always earn an economic profit. B. maximize profit by setting marginal cost equal to marginal revenue. C. maximize profit by setting marginal cost equal to average total cost. D. are price takers.
Economics