A firm with two or more owners who have unlimited liability is known as
A) a partnership.
B) a proprietorship.
C) a corporation.
D) an establishment.
A
You might also like to view...
If a firm in a perfectly competitive market faces the cost curves in the graph shown and produces at the profit-maximizing level of output, which of the following is true? A firm will:
A. lose money and shut down in the short run if price falls below $15.
B. lose money, but continue to operate in the short run if price is at least $15.
C. make positive profits any time the price is greater than $15.
D. All of these are true.
The country with the highest child poverty rate in the industrial world is __________.
Fill in the blank(s) with the appropriate word(s).
In the HO model, a "box diagram" describes the distribution of:
a. output between the two producing sectors in a country. b. output between the two countries of the model. c. labor and capital between the two producing sectors of a country. d. labor between the two countries of the model.
The total consumer surplus is shown on a graph as
A. The area under the demand curve and below the actual price. B. The area above the demand curve and above the actual price. C. The area above the demand curve and below the actual price. D. The area under the demand curve and above the actual price.