Examlex
We are maximizing our utility when the ______ of each good and service we purchase is equal to ______.
Corporations
Legal entities that are separate and distinct from their owners, providing limited liability protection, and have the ability to raise capital through the issuance of stocks.
Proprietorships
Proprietorships are businesses owned and operated by a single individual, where there is no legal distinction between the owner and the business entity.
Partnerships
A legal form of business operation between two or more individuals who share management and profits.
Shareholders
Individuals or entities that own one or more shares of stock in a public or private corporation, giving them partial ownership of the company.
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