Which of the Following Information Should a Certificate of Limited

question 79

Multiple Choice

Which of the following information should a certificate of limited partnership contain?

• A)the latest date of dissolution of the partnership
• B)a clause to not accept new general partners
• C)the name of the party who becomes a general partner in the event of transfer
• D)the scope of potential business opportunities and related investment

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Definitions:

Marginal Cost

The heightened cost incurred by the production of an additional unit of a good or service.

Monopoly Power

Monopoly power refers to the ability of a single provider to control the market for a good or service, enabling them to set prices without concern for competition.

Short-run

A period in which at least one input is fixed, limiting the ability of the firm to adjust its production levels.

Consumer Surplus

The discrepancy between what consumers are prepared and capable of paying for a good or service and what they end up paying.