Mario earns profits by developing a product that is unusual, unique, and greatly in demand. Which of the following theories of profit best describes the reason behind his success?
A) Uncertainty is the source of profits.
B) Profit is the reward for alertness to arbitrage opportunities.
C) Profit is the return to the entrepreneur as innovator.
D) Profit is the return for being smart.
E) Profit is the return for being in the right place at the right time.
Correct Answer:
Verified
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