Engineering Economics
Which is true about corporation?

It is worse type of business organization.
The minimum number of incorporators to start a corporation is three.
Its life is dependent on the lives of the incorporators.
The stock holders of the corporation are only liable to the extent of their investments.

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Engineering Economics
Perfect monopoly exists only if:

the single vendor is the only one who has the knowledge of the product
the single vendor is the only one who has the permit to sell
the single vendor can prevent the entry of all other vendors in the market
the single vendor gets the absolute franchise of the product

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