The federal corporate income tax is A) unfair. B) progressive. ...

[jessicacav]

The federal corporate income tax is
 
  A) unfair. B) progressive. C) proportional. D) regressive.

Question 2

If a firm in a perfectly competitive industry experiences persistent losses, in the long run it should
 
  A) shut down temporarily and wait for market conditions to change.
  B) continue to operate if it can raise the demand for its product through advertising and quality improvements.
  C) exit the industry.
  D) raise its price to cover average total cost.

[guyanai]

Answer to Question 1

B

Answer to Question 2

C