Asked by Nicholas Paradas on Apr 30, 2024
Verified
Economists would classify the Boston Symphony Orchestra as a firm.
Boston Symphony Orchestra
A major American orchestra based in Boston, Massachusetts, known for its high-quality performances and recordings.
Firm
A business organization, such as a corporation, partnership, or sole proprietorship, that sells goods or services.
- Understand the classification and role of firms in an economy.
Verified Answer
ZK
Zybrea KnightMay 06, 2024
Final Answer :
True
Explanation :
Economists classify any organization that produces goods or services, including non-profit organizations like the Boston Symphony Orchestra, as a firm.
Learning Objectives
- Understand the classification and role of firms in an economy.