The legal responsibility for losses incurred by a proprietorship falls upon the

Of the following market structures, which has the fewest number of firms competing against each other?

A) monopolistic competition B) oligopoly C) perfect competition D) Both answers A and C are correct.

If transfer payments increase then we would most likely conclude what about government spending as a result of this increase?

A. We cannot reasonably conclude anything about government spending. B. Since transfer payments have gone up this has caused government spending to decrease. C. Since transfer payments have gone up this has caused government spending to increase. D. Government spending would not change if transfer payments increase.