5
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Market Structures and Competition

Question 5 • * HSA 26-27 Economics

To begin their corporation, they must first .

Answer
A
register with the state
B
sell stock to the public
C
share the profits

Explanation

A corporation is formed under state law, so its founders must first register or file formation documents with the state. Selling stock to the public is not required to begin a corporation, and sharing profits is not the step that legally creates one.

AI-written and checked against the verified answer.

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