Which of the following statements is true?
A) Corporations can issue stocks and bonds, while proprietorships cannot.
B) Proprietorships have limited liability while corporations have unlimited liability.
C) Corporations have one owner, while proprietorships have many owners.
D) Corporations face fewer taxes than do proprietorships.
A
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What is property income?
What will be an ideal response?
Figure 17-9
Refer to . With trade and without a tariff,
a.
the domestic price is equal to the world price.
b.
carnations are sold at $8 in this market.
c.
there is a shortage of 400 carnations in this market.
d.
this country imports 200 carnations.
In the Internet search market:
A. Yahoo, Bing, and Google have roughly equal market shares. B. the Herfindahl index value is 10,000. C. Google holds about 70 percent of the market, while Bing and Yahoo together comprise about 28 percent. D. government subsidies ensure that search engines are provided at no cost to all Internet users.
The profit-maximizing output for the perfectly competitive firm occurs at the point at which
A. TR - TC is at a minimum. B. MR = MC. C. TR - ATC is at a maximum. D. TR - MR is at a maximum.