A Significant Disadvantage of a Partnership Is

question 131

Multiple Choice

A significant disadvantage of a partnership is:

• A)the unlimited personal liability for all partners.
• B)the inability to attract either additional capital or new partners due to the complexity of rewriting the agreement.
• C)the difficulty of disposing a partnership interest without dissolving the partnership.
• D)the regulatory complexity under which a partnership must be formed and operated.

Analyze the effects of marginal cost changes on monopolist's output and pricing decisions.

Understand how monopolists determine the profit-maximizing level of output and price.

Identify scenarios in which monopolists experience economic profits or losses.

Understand the relationship between average total cost, marginal cost, and the pricing strategies of a monopolist.

---

Definitions:

Multilingual

The ability to speak, understand, and often read and write in more than two languages.

Percent

A mathematical term describing a part or fraction of a hundred, often used to express proportions or comparisons.

One Language

"One Language" typically refers to situations or policies where only a single language is promoted or used for communication in a community or country.

People

Human beings collectively or considered as members of a community, society, or culture.