Risk Is

Risk is

A) different than uncertainty in that the probability of an uncertain event can be estimated whereas the probability of a risky event cannot be.
B) the source of all economic rent.
C) considered a major factor in the theory of profit that emphasizes the entrepreneur as innovator.
D) equal to the probability that an event will occur divided by the probability that the event will not occur.
E) different than uncertainty in that the probability of a risky event can be estimated whereas the probability of an uncertain event cannot be.