Explanations for the existence of profits in our market-oriented, capitalistic economy include:

Question

Quizplus · Accepted Answer

All of the options listed are valid explanations for the existence of profits in a market-oriented, capitalistic economy. Risk-taking is rewarded with potential profits, control over scarce resources can lead to monopolistic or oligopolistic profits, and having access to exclusive information can provide a competitive advantage that results in profits.

Explanations for the Existence of Profits in Our Market-Oriented, Capitalistic