A Partnership Is a Business Owned by Two Individuals;if Three

question 45

True/False

A partnership is a business owned by two individuals;if three or more individuals organize a business,it must be established as a corporation.

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Definitions:

Monopolization

The act of acquiring or maintaining exclusive control over the supply or trade in a service or commodity, often considered illegal under anti-trust laws.

Market Share

represents the percentage of an industry's sales that is controlled by a particular company, indicating its strength in the market.

Superior-Quality

Refers to products, services, or materials that surpass standard quality measures in terms of performance, durability, and reliability.

Tying Agreements

Business practices where the sale of one product or service is conditioned on the purchase of another, potentially anticompetitive product or service.