John and Sonny are co-owners of a private business and are looking at locations for the purpose of incorporating. They are both California residents and nearly all of the company's business is located in the state. Where should they choose to incorporate?

In California

Explanation:

Usually when you are incorporating a business, you should do it on the state where most of the firm's business activities are carried out in order to lower costs.

If John and Sonny incorporate their business in another state, they will incur in higher costs and fees. Unless they form a very large corporation like [email protected], the costs of incorporating in "cheaper" states like Delaware, their savings will not offset the extra costs.

u = 30

continuing your method

= +

subtract from both sides

= - thus

= -

= ⇒ u = 30

answer; monopolistic competition;