The business structure that allows for up to 100 shareholders and requires that the company be based in the United States is known as a
a. sole proprietorship
b. general and limited partnership
c. subchapter S corporation
d. C corporation
e. limited liability corporation or partnership
d. C corporation
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Differentiate between a pure strategy and a mixed strategy
What will be an ideal response?
If elected officials prefer policy actions that make benefits available quickly while deferring costs, they will be inclined to favor
A) an easier monetary policy to counter recession. B) increased appropriations to provide jobs for unemployed workers. C) a wage and price freeze to control inflation. D) all of the above. E) none of the above.
A perfectly competitive firm is producing at the point where its marginal cost equals its marginal revenue. If the firm boosts its output, its total revenue will
A) rise and its total variable cost will rise even more. B) rise and its total variable cost will rise, but not by as much. C) fall but its total variable cost will rise. D) fall and its total variable cost will fall, but not by as much.
PURPA opened up the possibility that public utilities would purchase electricity from independent producers
Indicate whether the statement is true or false