In a market economy, what must an entrepreneur do in order to be successful?
A)purchase resources at lower prices than rivals
B)produce a good that can be sold for more than its production cost
C)obtain large subsidies from the government
D)hire workers at low wage rates

Question

Quizplus · Accepted Answer

An entrepreneur must produce a good that can be sold for more than its production cost to ensure profitability and sustainability in a market economy.

In a Market Economy, What Must an Entrepreneur Do in Order