Which of the following is true about the characteristics of a partnership? 
Definitions:
Minimum Wage
The lowest legal wage that employers can pay workers, aimed at protecting workers from unduly low pay.
Chain Restaurant
A set of restaurants owned and operated by the same company, offering a consistent menu and experience across multiple locations.
Mom-and-Pop Restaurant
A small, usually independently owned and operated restaurant with a limited workforce and often characterized by local or familial ownership.
Pure Monopolist
A market condition where a single firm has exclusive control over the supply of a product or service, and no close substitutes exist.
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