A shortage of competition is central to the entrepreneur in the ________ theory of profit.
A. risk taker
B. innovator
C. monopolist
D. exploiter of labor
C. monopolist
Economics
You might also like to view...
Goods and services are sold
A) only as intermediate goods. B) by households. C) in the factor markets. D) in the product markets.
Economics
The costs of the process of bargaining to reach a mutually satisfactory agreement are called negotiation costs
Indicate whether the statement is true or false
Economics
The long-run Phillips curve is a(n) ____ line at the natural rate of unemployment
a. horizontal b. vertical c. upward-sloping d. downward-sloping
Economics
Who may benefit from technological progress?
A) consumers B) workers C) firms. D) all of the above.
Economics