Entrepreneurs operate within markets (A) and increase trade by satisfying an unmet demand for a good or service (B), but they do not increase trade by increasing transaction costs (C); instead, they often seek to reduce these costs to facilitate more efficient trading.

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Entrepreneurs

Question 162

Multiple Choice

Entrepreneurs

A) operate within markets.
B) increase trade by satisfying an unmet demand for a good or service.
C) increase trade by increasing the transaction costs of making trades.
D) a and b
E) a, b and c

Correct Answer: