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AMB PRINT LAST NAME, FIRST NAME SECTION BUSINESS FIRMS, COSTS, AND PROFIT Which business or siness organization offers invest
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Answer #1

As per the HOMEWORKLIB POLICY, answering the first four questions.

1.

Out of the given options, a corporation is a business entity or organization that gives protection to its investors to have limited liability in the business. This boosts investor's confidence in the firm.

Option c. is correct

2.

Oligopoly and the Monopolistic Competition are the two market structures that lie in between perfect competition and monopoly.

Order can be defined as: Perfect Competition, Monopolistic Competition, Oligopoly, Monopoly

So, option c. is correct

3.

Accounting Profit = Total Revenue - Total Explicit Cost

Option a. is correct

4.

Economic Profit = Total Revenue - (Explicit Cost + Implicit Cost)

= Total Revenue - Total Economic Cost

Option c. is correct

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