Entrepreneurs receive profits as a reward for the risks they take in organizing resources to produce goods and services. They must innovate and consider consumer desires to be successful, and they combine all necessary factors of production, not just certain ones.

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Entrepreneurs

Question 129

Multiple Choice

Entrepreneurs

A) receive profits as rewards for risks they assume in producing goods and services.
B) combine only certain factors of production to produce goods and services.
C) do not have to worry about innovation.
D) do not consider the desires of consumers.

Correct Answer: