Acorporation is incorporated in only one state regardless of the number of states in which it operates.
(a) true
(b) false

(A) True

Explanation:

A corporation just requires a basic incorporation state, through which the legal identity of its incorporation is created. After that it does not require to incorporate in all the states where the business is being conducted.

As per the law, there shall be at-least a different legal identity then that of the individual to conduct such business. Law does not demand separate incorporation.

Thus, the above statement is

True.

this business is a price setter.

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answer; is usually (less than) the socially optimal level of consumption;