There are many food carts near mark’s university. mark and his friends regularly buy hot dogs from jeff’s cart. recently, andrea opened a business selling two-for-one hamburgers near jeff’s cart. what will be effect on jeff’s hot dog cart? a. demand for his hot dogs will increase b. supply of for his hot dogs will decrease c. supply of his hot dogs will increase d. demand for his hotdogs will decrease

Which of the following statements is correct? a major disadvantage of a partnership relative to a corporation is the fact that federal income taxes must be paid by the partners rather than by the firm itself. in a typical partnership, liability for other partners’ misdeeds is limited to the amount of a particular partner’s investment in the business.true in a limited partnership, the limited partners have voting control, while the general partner has operating control over the business, and the limited partners are individually responsible, on a pro rata basis, for the firm’s debts in the event of bankruptcy. partnerships have more difficulty attracting large amounts of capital than corporations because of such factors as unlimited liability, the need to reorganize when a partner dies, and the illiquidity of partnership interests.