Every year, the government of Yuki’s country invests in physical capital. As a result, the country’s production possibilities curve ______.

If the personal assets of the owners can be claimed if the business is bankrupt, the owners are said to have

A) unlimited liability. B) a corporation type of business. C) limited liability. D) separation of ownership from control.

Monopolistic competition and oligopoly are alike because firms in both market structures have some market power.

a. true b. false