Low Start-Up Costs and Simplicity of Operations Are Among the Main

question 226

Short Answer

Low start-up costs and simplicity of operations are among the main advantages of
a sole proprietorship.
selling shares.
incorporating.
a co-operative.
none of these.

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Definitions:

Market Price

The current value at which an asset or service can be bought or sold in a particular marketplace.

Average Total Costs

This term refers to the total costs (fixed plus variable) of production divided by the total quantity of output produced.

Marginal Costs

The cost incurred by producing one additional unit of a good or service, reflecting the change in total cost that comes from a change in quantity produced.