The most common type of firm in the United States is the
A) proprietorship.
B) partnership.
C) corporation.
D) limited partnership.
A
You might also like to view...
Use the following graph to answer the next question. 
If the industry were perfectly competitive, then the market price would be ________.
A. $20, which is lower than what the price would have been if the industry were a pure monopoly B. $25, which is lower than what the price would have been if the industry were a pure monopoly C. $25, which is higher than what the price would have been if the industry were a pure monopoly D. $20, which is higher than what the price would have been if the industry were a pure monopoly
Why can a monopoly make an economic profit in the long run?
A) because there are close substitutes for the firm's product B) because the firm is protected by barriers to entry C) because the firm produces where MR=MC D) because P > MR E) ALL of the above are reasons why a monopoly can make an economic profit in the long run.
If the demand function for a particular good is Q = 25 ? 10P, then the price elasticity of demand (in absolute value) at a price of $1 is:
A. 8. B. 2/3. C. 2. D. 1/8.
If the Fed wants to close a recessionary gap, should it buy or sell government securities? Why?
What will be an ideal response?