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Exhibit 9-2 Demand and cost information for a monopoly
The marginal revenue of the second unit of output in Exhibit 9-2 is:
De Jure Corporation
A corporation that is fully in compliance with all state laws and therefore officially recognized as a legal entity.
De Facto Corporation
A company that operates as if it were legally incorporated, despite not having completed the necessary incorporation processes, and may thus be treated as a corporation in many contexts.
Shareholders
Owners of shares in a company, giving them rights to vote on company matters and receive dividends.
S Corporation
A special designation that allows small businesses to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes.
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