Discuss the pros and cons of different forms of business ownership (sole proprietorships, partnerships, and corporations). Why has the modern corporation evolved as such a dominant institution in our global economy?

Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter8: Costs And The Supply Of Goods
Section: Chapter Questions
Problem 6CQ
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Discuss the pros and cons of different forms of business ownership (sole proprietorships, partnerships, and corporations). Why has the modern corporation evolved as such a dominant institution in our global economy?

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