Stockholders share in the profits of a corporation
a. in proportion to their years of stock ownership
b. in proportion to their ownership of stock
c. equally regardless of number of shares owned
d. only if they participate in firm management decisions
e. only if they attend stockholders' meetings
B
Economics
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When a city licenses only 3 taxi firms to serve the market, the city has created a
A) cartel. B) legal monopoly. C) monopolistically competitive market. D) legal oligopoly. E) natural oligopoly.
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What is a firm's markup? What does it show?
What will be an ideal response?
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