Producer surplus for a perfectly competitive firm is equal to A. profit plus total fixed cost. B. the area above the supply curve and under market price. C. revenue minus total variable cost. D. All of the above. E. A and C only.

Assume you plan to start a new enterprise; you know the probability of having losses for the first three years of operations is almost 90 percent, and you know you will report a substantial amount of income from other sources during those same three years. from a tax perspective, which of the following entity choices would not allow you to offset the entity losses against your income from other sources? c corporation s corporation llc general partnership