True or 1: market economies generally levy lower taxes than other types of economies. 2: a market economy offers individuals the right to acquire, own, use, and transfer property. 3: consumer sovereignty means that business preferences decide which goods and services will be produced and in what quantity. 4: market-based economies allow producers to sell any kinds of goods they want (as long as they are legal) and to sell them at the most profitable price. 5: competition is created when one producer offer the same kind of product in a market. 6: the location of a business depends on factors such as availability of resources, connectivity to markets, and availability of infrastructure. 7: if the stock is sold privatley, it will be listed and traded in the stock market, which is where stocks of publicly held companies are issued and traded. 8: here are some advantages of a partnership: each partner investing money will increase the financial capital of the business. partners can share responsibilities. the business can benefit from the varied skills of its partners. 9: decorporation is the legal declaration of a business entity as being separate from its owners. 10: an llc is taxed like a partnership, but this business structure does not protect owners from personal liability as a corporation does.