Which of the Following Is Not an Advantage of a Partnership

question 19

Multiple Choice

Which of the following is not an advantage of a partnership (relative to a sole proprietorship)

• A) inexpensive to set up
• B) makes financing easier
• C) benefits from diverse management talents
• D) limited liability

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Definitions:

Perfectly Price Discriminate

A pricing strategy where a seller charges the maximum price that each consumer is willing to pay, eliminating consumer surplus and maximizing profits.

Monopolist

An individual or entity that is the sole provider of a particular good or service in the market, possessing significant control over pricing and supply.

Profit

The surplus amount after all expenses are deducted from the total income generated by a business or investment.

Price Discrimination

Charging different prices to different buyers for identical products.