In perfect competition, which of the following conditions must happen? O A. All firms must influence the cost and pricing standards
OB. The number of firms in the industry must be limited
O C. A single firm is able to influence the price of its product.
D. All firms in a given industry must be small.

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