It is difficult for a private market to provide the economically efficient quantity of a public good because a. by law governments cannot use cost-benefit analysis to determine this quantity. b. public goods produce positive and negative externalities. c. individual preferences are not revealed in the market for the good. d. it is too expensive to produce the necessary amount of the good.

Xavier and shawn are co-owners of a party-planning business. they split all of the profits 50-50 and are able to make decisions that are binding on both parties. at one of their parties a guest is injured on a piece of equipment. the guest sues xavier and shawn, and they find they're personally liable for any damages. what kind of business structure do they have? question 8 options: sole proprietorship general partnership limited liability company corporation