A Corporation Whose Stock Can Be Purchased by Anyone and Is

question 10

Multiple Choice

A corporation whose stock can be purchased by anyone and is traded in stock markets is known as a(n)

• A) sole trader.
• B) S-corporation.
• C) closed corporation.
• D) open corporation.
• E) not-for-profit corporation.

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Definitions:

Price Discrimination

A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider.

Raw Materials

Basic substances or components that are used in the production of goods or finished products.

Price Discrimination

The practice of selling the same product to different customers at different prices, typically based on factors like quantity purchased, customer demographic, or market location.

Robinson-Patman Act

A United States federal law aimed at preventing anticompetitive practices by producers, specifically prohibiting price discrimination among different purchasers of the same product, when the effect may harm competition.