The only type of business that faces unlimited liability is a sole proprietorship
Indicate whether the statement is true or false
FALSE
Economics
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Which of the following must be true in an oligopoly?
a. The firms produce a differentiated product. b. There is one dominant firm in the market. c. The firms are strategically interacting. d. The market is international in scope. e. There are no significant barriers to entry.
Economics
A patent is used to
a. disseminate information. b. offset the negative effects of taxes. c. protect inventors for as long as they live. d. assign property rights.
Economics