Author Question: The owner of a proprietorship might decide incorporate the firm as a corporation in order to A) ... (Read 138 times)

nmorano1 · **on:** Jun 29, 2018

The owner of a proprietorship might decide incorporate the firm as a corporation in order to

A) be able to conduct business in more than one county.
B) avoid the principal-agent problem.
C) be eligible for patent protection of new products.
D) gain limited liability.

Question 2

An external cost is a cost of producing a good or service that is

A) not paid by the producers.
B) paid by the producers.
C) paid by the government.
D) paid by the consumer and the government.