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In a corporation, the business is owned by:
pure (perfect) competition
a partnership
a sole proprietorship
a corporation
a monopoly
stockholders who have purchased shares
an oligopoly
monopolistic competition
Which type of market structure has many sellers, no price controls, and no product differentiation?
pure (perfect) competition
a partnership
a sole proprietorship
a corporation
a monopoly
stockholders who have purchased shares
an oligopoly
monopolistic competition
Which type of market structure has many sellers, price controls, and non-price competition?
pure (perfect) competition
a partnership
a sole proprietorship
a corporation
a monopoly
stockholders who have purchased shares
an oligopoly
monopolistic competition
Which type of market structure has one seller who maintains strong control over prices?
pure (perfect) competition
a partnership
a sole proprietorship
a corporation
a monopoly
stockholders who have purchased shares
an oligopoly
monopolistic competition
Which type of business organization is easy to start, flexible in operations, and makes quick decisions?
pure (perfect) competition
a partnership
a sole proprietorship
a corporation
a monopoly
stockholders who have purchased shares
an oligopoly
monopolistic competition
Which type of market structure has a few sellers with high barriers to entry?
pure (perfect) competition
a partnership
a sole proprietorship
a corporation
a monopoly
stockholders who have purchased shares
an oligopoly
monopolistic competition
Which type of business organization has greater chances of personal conflicts with divided profits between two people?
pure (perfect) competition
a partnership
a sole proprietorship
a corporation
a monopoly
stockholders who have purchased shares
an oligopoly
monopolistic competition
Which type of business organization has limited liability, an unlimited lifespan, and subject to double taxation?
pure (perfect) competition
a partnership
a sole proprietorship
a corporation
a monopoly
stockholders who have purchased shares
an oligopoly
monopolistic competition
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