Why did corporations become central to the new market economy?
A) Corporations were more trusted than small businesses because they did not have any special privileges or powers.
B) Directors and stockholders of corporations could pursue profits without being personally liable for debts.
C) Local governments made sure corporations acted in accordance with the public interest.
D) Corporations were more concerned with ethical practices than profits.
E) Corporations did not require special charters or laws in order to thrive.
Correct Answer:
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