Since no one can be sure that profits are commonplace, to earn above-normal profits an entrepreneur must:
A) be eloquent.
B) innovate.
C) rely on government subsidies.
D) know economics.

Question

Quizplus · Accepted Answer

The only way to earn above-normal profits is by innovating, that is, by introducing new products or technologies, finding new markets or new ways of producing and delivering products. Innovation is a risky process that requires entrepreneurship skills, market knowledge, and often, investments in research and development. Therefore, only entrepreneurs who are willing to take those risks and have the resources and expertise to do so can earn above-normal profits over the long term.

Since No One Can Be Sure That Profits Are Commonplace