Damian wants to start a business where he is the only owner and the company does not issue stock. The type of business Damian wants to start is a
A) sole proprietorship. B) corporation.
C) partnership. D) Any of the above could be correct.
A
Economics
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The above figure shows a payoff matrix for two firms, A and B, that must choose between a high-price strategy and a low-price strategy. For firm B,
A) setting a high price is the dominant strategy. B) setting a low price is the dominant strategy. C) there is no dominant strategy. D) doing the opposite of firm A is always the best strategy.
Economics
Refer to the above graph. Consider a monopolist in short-run equilibrium. This monopolist:
A. will cease production since its economic profits are negative. B. earns economic profit equal to area ABED. C. has total fixed costs equal to area BEFC. D. has total variable costs equal to area 0CFQ.
Economics