Final answer:
Joint-venture participants are partners who cooperate in a particular enterprise, pooling resources for a specific business purpose.
Step-by-step explanation:
Joint-venture participants are c) Partners cooperating in a particular enterprise. Just like in a general partnership, where two or more individuals come together to own and run a business, a joint venture involves two or more entities (which can be individuals, businesses, or a combination of both) coming together for a specific business purpose or project. The essence of a joint venture is collaboration and the pooling of resources to achieve a common goal, which is different from being competitors. Each participant in a joint venture contributes assets, shares risks, and shares the benefits of the partnership.