Which of the following is NOT a major types of business organization?

In a sole proprietorship, the business is owned by:

In a partnership, the business is owned by:

In a corporation, the business is owned by:

Which type of business organization is easy to start, flexible in operations, and makes quick decisions?

Which type of business organization has greater chances of personal conflicts with divided profits between two people?

Which type of business organization has limited liability, an unlimited lifespan, and subject to double taxation?

Which type of market structure has one seller who maintains strong control over prices?

Which type of market structure has a few sellers with high barriers to entry?

Which type of market structure has many sellers, price controls, and non-price competition?

Which type of market structure has many sellers, no price controls, and no product differentiation?

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