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1 . Capital: What are the two basic sources of funds for all businesses? 2 . Organizational form: What is a partnership, and what is

1.Capital: What are the two basic sources of funds for all businesses?
2. Organizational form: What is a partnership, and what is the biggest disadvantage of this form of business organization? How can this disadvantage be avoided?
3. Information asymmetry: Describe what an information asymmetry is in a business transaction. Explain how the inequity associated with an information asymmetry might be, at least partially, solved through the market for goods or services.
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