A Mixed Enterprise Is One

question 39

Multiple Choice

A mixed enterprise is one

• A)where the government has significant ownership in a private company.
• B)in which the company has more than one legal structure, such as limited liability and sole proprietorship.
• C)that combines for-profit activities with education.
• D)that has both for-profit and non-profit operations.

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Definitions:

Substitutes Goods

Products or services that can replace or be used in place of another to fulfill the same need or desire.

Complementary Goods

Products or services that are consumed together because the use of one enhances the use or value of the other.

Income Elasticity

A measure of how much the demand for a good or service changes in response to a change in consumers' income.

Cross Elasticity of Demand

A measure of how the quantity demanded of one good responds to a change in price of another good, indicating substitutes or complements.