Activist Capitalists Who Seek Out or Create Earnings Opportunities and Assume

question 40

Multiple Choice

Activist capitalists who seek out or create earnings opportunities and assume risk, for which they receive profits, are called

• A)rent seekers.
• B)entrepreneurs.
• C)muckrakers.
• D)marginalists.

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Definitions:

Full Capacity

The highest amount of production a business can maintain for an extended time without needing to raise its fixed expenses.

Capacity

The maximum level of output that a company can sustain to make a product or provide a service, taking into account current resources and facilities.

Short Run

A time period in economics during which at least one input is fixed while others may be variable, affecting the production and costs of a business.

Long Run

In economics, the long run refers to a period in which all inputs or factors of production can be varied and no costs are fixed.