Which of the Following Is the Most Common Form of Business

question 8

Multiple Choice

Which of the following is the most common form of business organization in the United States?

• A) Proprietorship
• B) Partnership
• C) Corporation
• D) S-corporation

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Definitions:

Monopolist

An individual or entity that has the exclusive control or possession of the supply or trade in a commodity or service, allowing them to manipulate the market.

Selling Price

Selling price is the amount of money that a seller is willing to accept in exchange for a good or service it provides to buyers.

Marginal Cost

The extra expense resulting from the manufacture of an additional unit of a product or service.

Social Cost

The cost to society as a whole due to an activity, including both direct costs incurred and indirect effects (such as environmental damage or health impacts).