Which Sentence Is Expressed Correctly

question 13

Multiple Choice

Which sentence is expressed correctly?

• A)As coowners of the business, they both had equal input into the day-to-day operations.
• B)As co owners of the business, they both had equal input into the day-to-day operations.
• C)As co-owners of the business, they both had equal input into the day-to-day operations.

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Definitions:

Differentiated Product

is a good or service that is distinguished from similar products by unique characteristics, branding, or quality, allowing it to compete on factors other than price.

Inelastic Demand

A situation where the demand for a product does not change significantly with a change in price.

Marginal Revenue

The rise in income achieved by selling an extra unit of a product or service.

Price Searcher

A seller that determines the selling price of its product or service based on market conditions, demand, and competition, instead of adhering to a market dictated price.