Sole proprietorships must register with their state government to be able to operate a business legally.
a. True
b. False
Indicate whether the statement is true or false
Question 2
There is no exact definition of a monopoly, but in general a monopoly:
a. a firm does not have to pay any federal taxes
b. one firm makes a better product than others in the same market c. consumers prefer one firm over all others
d. one firm has more than 30 of the market share for a certain product e. none of the other choices are correct
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