Define a corporation
What will be an ideal response?
A corporation is a legal form of business that provides owners with protection from losing more than their investment should the business fail.
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Refer to the normal-form game of bargaining shown below.Union?Management??$0$250$500?$0($0, $0)($0, $250)($0, $500)?$250($250, $0)($250, $250)(-$10, -$10)?$500($500, $0)(-$10, -$10)(-$10, -$10)Suppose that management and the union are bargaining over how much of a $500 surplus to give to the union. It is assumed that the surplus can only be split into $250 increments. Furthermore, negotiations are set up such that management and the union must simultaneously and independently write down the amount of surplus to allocate to the union. The payoff structure to this one-shot bargaining game is listed in Figure 10-16. The number of inefficient outcomes resulting from the bargaining game is:
A. 3. B. 8. C. 5. D. 6.
The deepest contraction in American history occurred
A. in the years right before World War I began. B. during the 1970s. C. during the 1870s. D. during the 1930s.