Which of the following properties is common to a partnership business?
a. Limited liability
b. Centralized ownership and management
c. Continuity and unlimited existence of the business
d. Co-ownership of contributed assets
D
Economics
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Which of the following is an example of a microeconomic decision?
A) an individual deciding how to allocate the time he or she has for work and leisure B) a small shoe factory deciding how much leather to purchase for the next quarter's production need C) a multinational company deciding where to relocate its world headquarter D) All of the above answers are correct.
Economics
A fundamental source of monopoly market power arises from
a. perfectly elastic demand. b. perfectly inelastic demand. c. barriers to entry. d. availability of "free" natural resources, such as water or air.
Economics