In terms of the numbers of firms in the U.S.economy, the most common type of firm is the
A)corporation
B)partnership
C)sole proprietorship
D)nonprofit organization
E)limited partnership corporation

Question

Quizplus · Accepted Answer

According to the Small Business Administration, there were 30.7 million small businesses in the United States in 2019, and 73.2% of them were sole proprietorships. Therefore, the most common type of firm in the U.S. economy is a sole proprietorship.

In Terms of the Numbers of Firms in the U