Starting a new business as a sole proprietorship: a) requires retaining the services of an attorney. b) is simple, but the proprietorship fee is very expensive in some states. c) is usually simpler and less expensive than starting other forms of ownership. d) is very similar to starting a business as a corporation.

 c) is usually simpler and less expensive than starting other forms of ownership.  

Explanation:

A sole proprietorship is known as a business established, owned and controlled by one person. It is a form of business whose owner takes the risk, profit and losses all by himself. Furthermore, he makes decision regarding the day today running activities of the business and he is known as a sole proprietor. Thus, it is very easy to establish because it does not require much capital which makes it to be less expensive to operate.

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.