Greg and Todd form a partnership and start a business in which each has a 50 percent share of the profit. After a year, the firm goes bankrupt and has debts of $20,000. Greg has no money, but Todd has $25,000 in the bank
Todd must pay ________ of debt. A) $0 because in a partnership each partner must pay the same
B) $0 because partners in a partnership have limited liability
C) half, or $10,000
D) $20,000
D
Economics
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d. shifts the demand curve to the right.
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If industry sales are $1,000, and the top four firms have sales of $500, $200, $100, and $50, respectively, what will be the four-firm concentration ratio?
A) 95 percent B) 85 percent C) 70 percent D) 100 percent
Economics