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Which of the following is an advantage of a sole proprietorship?
Law of Demand
The principle that, all else being equal, an increase in the price of a good will decrease the quantity demanded, and a decrease in price will increase the quantity demanded.
Income Taxes
Taxes levied by governments on individual or corporate income.
Car Rental
A service that allows customers to borrow a vehicle for a certain period of time in exchange for a fee.
Competitive Market
A market structure characterized by a large number of buyers and sellers, such that no single buyer or seller can influence the market price.
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