Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
Related questions
Question
What does the shadow price tell us regarding the LP?
Expert Solution
Step 1
When two or more partners form a limited partnership (LP), the limited partners are only responsible up to the amount of their investment. An LP is made up of limited partners with an unlimited liability as well as a general partner. LPs are pass-through entities with little to no reporting requirements. The three types of partnerships are limited partnerships, general partnerships, and limited liability partnerships.
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