A Private Corporation Is a Corporation Whose Stock Is Owned

question 101

True/False

A private corporation is a corporation whose stock is owned by relatively few people and is not traded openly in the stock market.

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Definitions:

Marginal Cost

The rise in expenditure from the production of a supplementary unit of a product or service.

Profit-maximizing

A process where a business establishes the price and production scale that ensures the highest return.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a certain period.

Two-part Tariff

A pricing strategy that includes a fixed fee plus a variable fee based on consumption or usage level.