What if The Biscuit Bakery was a corporation? Suppose Mrs. Meadows is the CEO, but does not own any stock in the company. The Biscuit Bakery sells shares of common stock to 40 shareholders, all of them individuals living in North Carolina. May the flour vendor recover the money he is owed from Mrs. Meadows' personally?
A. Yes, because she is the CEO, not a shareholder.
B. Yes, because she executed the business transaction that created the liability.
C. No, unless she was negligent or committed a tort or crime in connection with the transaction.
D. No, if The Biscuit Bakery is a close corporation.

Brian has just finished college. he wants to set up a small business to make and sell fireworks. he registers his company and acquires a license from the government. he finds that most of his competitors are selling fireworks at an extremely low price. he would like to make more money, so he decides to innovate and develop better fireworks. he sells his fireworks at a higher price, and they are a huge hit with the customers. after a few years, he earns enough profit to set up a bigger fireworks factory that complies with the government’s health and safety regulations. he even starts exporting fireworks overseas. which type of economy does this scenario describe?