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In Order to Be Successful in a Competitive Market Economy

Question 101

Multiple Choice

In order to be successful in a competitive market economy, an entrepreneur must


A) provide buyers at least as much satisfaction per dollar spent as the buyer could get elsewhere.
B) supply consumers with goods and services valued less highly than the resources necessary to produce them.
C) take resources from other producers, thus reallocating wealth but not creating new wealth.
D) gain government grants and subsidies.

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