Who faces limited liability for the firm s debts in a corporation? a. the corporation, but not its owners b. individual stockholders c. no one; only general liability can be faced. d. the chief executive officer

Which of the following is a function performed by market prices? a. market prices communicate information to buyers and sellers. b. market prices coordinate the decisions of buyers and sellers. c. market prices motivate entrepreneurs to produce those products that are currently most desired relative to their costs of production. d. all of the above are functions performed by market prices.