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Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767 Exercise 3
Which statement is true?
A) Profits are determined by supply and demand.
B) Profits are solely a reward for risk taking and innovation.
C) Profits are derived solely from the exploitation of workers.
D) None of these statements is true.
A) Profits are determined by supply and demand.
B) Profits are solely a reward for risk taking and innovation.
C) Profits are derived solely from the exploitation of workers.
D) None of these statements is true.
Explanation
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Option a) is incorrect because supply an...
Microeconomics 9th Edition by Stephen Slavin
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