Entrepreneurs can generate economic profits by all of the following, except
A) developing popular new products.
B) reducing production costs below rivals' costs.
C) creating and maintaining monopoly power.
D) laying off workers in order to cut costs.
Correct Answer:
Verified
Q256: One effect of a usury law is
Q257: Economic profit affects
A)the allocation of resources but
Q258: If you pay $10,625 annually on a
Q259: Q260: A usury law is a law that Q262: Economic profits are not payments received for Q263: Which of the following statements about economic Q264: Which type of income contributes the smallest Q265: Entrepreneurs normally do all of the following Q266: Which would usually not be an entrepreneurial
A)taking
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents