Limited liability in Economics means that
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- A A shareholder's liability in the event of debt or bankruptcy is limited to the amount he has invested
- B A shareholder's liability for the debt company is dependent on how much he is owing
- C Shareholders can not be asked to pay for the debts of the company
- D Shareholders try to ensure that only a small proportion of the debt comes to them
- E Shareholders want all the debts paid equally
Correct Answer: Option A
Explanation:
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