Which of the following provide increased competition for public schools?

In the above table, the firm

A) must be in a perfectly competitive market because its marginal revenue is constant. B) must be in a perfectly competitive market because its marginal cost curve eventually rises. C) cannot be in a perfectly competitive market because its short-run economic profits are greater than zero. D) cannot be in a perfectly competitive market because its long-run economic profits are greater than zero.

Jeremy is thinking of starting up a small business selling NASCAR memorabilia. He is considering setting up his business as a corporation. What is one advantage to Jeremy of setting up his business as a corporation?

A) By setting up the business as a corporation, Jeremy would have both ownership and control over the business. B) By setting up the business as a corporation, Jeremy would not face double taxation. C) By setting up the business as a corporation, Jeremy would have the ability to share risk with shareholders. D) All of the above would be advantages of setting up his business as a corporation.