Which of the Following Is True Regarding Incorporation

question 55

Multiple Choice

Which of the following is true regarding incorporation?

• A) A corporation must be incorporated in the state in which it has its principal place of business.
• B) Laws regarding incorporation and the rights and duties of corporations are uniform from state to state.
• C) Since the mid-1930s,Delaware has been considered the preeminent state for incorporation.
• D) Incorporation may be done pursuant to common law as well as statute.

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Definitions:

Herfindahl Index

A measure used in competition law and antitrust analysis, calculated by summing the squares of the market shares of all firms within an industry.

Natural Monopoly

A market situation where a single firm can supply a product or service to an entire market at a lower cost than two or more firms could.

Dominant Firm Oligopoly

A market structure in which a single firm has a predominant share of the total market, and the actions of this firm significantly influence the entire market's dynamics.

Industrial Regulation

Governmental regulation of industries to control and monitor their activities for the public good, often to ensure competition and prevent monopolies.