From the Highest to the Lowest,the Percentage of Profits Earned

question 50

Multiple Choice

From the highest to the lowest,the percentage of profits earned by businesses in the United States is represented by which of the following?

• A)sole proprietorships,partnerships,corporations
• B)partnerships,corporations,sole proprietorships
• C)corporations,partnerships,sole proprietorships
• D)corporations,sole proprietorships,partnerships

---

Definitions:

Imports

Goods or services brought into one country from another for sale.

Cournot Duopolists

Refers to firms in a duopoly (a market dominated by two companies) that determine their strategy based on the assumption that the other firm's output will be constant.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good consumers are willing and able to purchase at various prices.

Total Costs

The sum of all expenses incurred by a company in producing goods or offering services, encompassing both fixed and variable costs.