Which Category Includes the Largest Number of Firms

question 44

Multiple Choice

Which category includes the largest number of firms?

• A)Sole proprietorship
• B)Partnership
• C)Corporation
• D)S corporation
• E)Limited partnerships

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Definitions:

Quantity Demanded

The total amount of a good that consumers are willing and able to purchase at a specific price in a given period.

Economy Moves

The dynamic changes and shifts in economic activity, including growth, recession, and recovery phases, within a country or globally.

Supply

Refers to the total amount of a specific good or service that is available to consumers.

Excess Supply

A scenario in which the supply of a good or service available from sellers surpasses what buyers want to purchase at the existing price.