All of the Following Are Advantages of a Sole Proprietorship

question 10

Multiple Choice

All of the following are advantages of a sole proprietorship except:

• A) Profit Incentive
• B) Easy to Discontinue
• C) Total Decision-Making Authority
• D) Unlimited Personal Liability

Describe how price discrimination practices can be enabled by data collection and the implications for market efficiency and consumer welfare.

Discuss the historical context and implications of monopoly practices, including government-granted monopolies.

Compare and contrast monopoly with pure competition in terms of price, output, and efficiency.

Explain the concept of x-inefficiency and its occurrence in monopolistic markets.

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Definitions:

RRSP

Registered Retirement Savings Plan, a Canadian investment account for holding savings and investment assets, with certain tax benefits.

Compounded Monthly

A method that involves computing interest for a month by adding it to both the original principal sum and the interest that has been accumulated from past periods.

Conditional Sale Contract

A sales agreement that transfers the title of an item to the buyer only after certain conditions, typically payment completion, are met.

Compounded Monthly

Interest calculation method where interest is added to the principal every month, affecting subsequent interest calculations.