Jill Wants to Write a Persuasive Business Plan

question 112

Multiple Choice

Jill wants to write a persuasive business plan. What government agency will give her the most useful advice for writing the plan? 

• A)Internal Revenue Service 
• B)Small Business Administration 
• C)Securities and Exchange Commission 
• D)Department of Homeland Security

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Definitions:

Purely Competitive Industry

An industry characterized by many buyers and sellers, free entry and exit, and a standardized product, leading to firms being price takers.

Monopolist

A market participant that is the sole provider of a good or service, thus controlling the entire market and having the ability to set prices unilaterally.

Identical Costs

Refers to costs that are the same across different products, services, or processes.