Unlike sole proprietorship and partnerships, the corporation has a life independent of its owners and officers.

Answer the following statement true (T) or false (F)


True

Economics

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In the long-run equilibrium of a monopolistically competitive industry

A. P = MC. B. P > minimum (ATC). C. P < MC. D. P = minimum (ATC).

Economics

Refer to the information above. Net investment becomes more unstable if j ________ and v* ________

A) rises, rises B) rises, falls C) falls, rises D) falls, falls

Economics

Economies of scope is the term used to describe an industry that is composed of firms having substantial economies of scale

a. True b. False

Economics

The task of economic regulation is to:

a. protect monopoly profits. b. approximate the results of the competitive market. c. replace competition with government ownership. d. ensure laissez faire. e. increase competition within the market.

Economics