Three types of firms operate in Canada: sole proprietorships, partnerships, and corporations.

All three types of firms survive because

A$.$ each type successfully deals with the principal$-$agent problem

B$.$ each type is easy to set up and has simple decision making

C$.$ each has an advantage in different types of industries

D$.$ some consumers want to deal with sole proprietorships and partnerships, and others want to deal with corporations dominate in sectors where a large amount of capital is used. dominate in sectors where flexibility in decision making is critical

A$.$ Corporations; Corporations; Corporations; public utilities and transport

B$.$ Sole proprietorships; Corporations; Sole proprietorships; manufacturing

C$.$ Corporations; Sole proprietorships; Corporations; law firms

D$.$ Partnerships; Sole proprietorships; Corporations; public utilities and transport dominate all sectors$.$

Partnerships feature prominently in