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The welfare effects of a quota depend,to considerable extent,upon
Limited Liability
A legal structure for businesses where owners' personal financial liability is restricted to the amount they have invested in the company.
Certificate of Limited Partnership
A legal document filed with a state government to establish the existence of a limited partnership.
General Partners
Individuals in a partnership who have joint authority and responsibility for the management of the business, including its debts and liabilities.
Partnership Dissolution
The process of legally ending the existence of a partnership entity, involving the distribution of assets and settling of debts.
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