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Author Question: Limited liability is a benefit available only to A) sole proprietorships. B) partnerships. C) ... (Read 136 times)

Yolanda

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on: Jul 1, 2018
Limited liability is a benefit available only to
 
  A) sole proprietorships.
  B) partnerships.
  C) corporations.
  D) All of the above.

Question 2

A firm that practices group price discrimination will set the lower price in the market that has the most elastic demand.
 
  Indicate whether the statement is true or false


dmurph1496

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

True . The firm will equate marginal revenue across markets. Since MR = p(1 + 1/elasticity), markets with greater elasticity require lower prices.


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Yolanda

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Reply #2 on: Jul 1, 2018
Thank you :)


dmurph1496

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Reply #3 on: Jul 1, 2018
Happy to help you


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