What is the major advantage of the corporate form of business organization?
A) Its owners have limited liability.
B) Its owners have unlimited liability.
C) Its profits are not taxed.
D) Its profits are taxed twice.
A
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Refer to the scenario above. What is the expected value of the gamble?
A) 0 B) $50 C) $75 D) $100
The Federal Reserve provides gold in exchange for Federal Reserve notes
a. True b. False Indicate whether the statement is true or false
The cost of an action is measured in terms of foregone opportunities
a. True b. False Indicate whether the statement is true or false
Often antitrust enforcers
A. Cannot measure market concentration. B. Lack the resources to prosecute anticompetitive behavior. C. Prefer to break up companies that violate antitrust laws. D. Lack a legal structure to prosecute companies for monopoly behavior.