In a Market Economy, What Determines Whether an Entrepreneur Will

question 3

Multiple Choice

In a market economy, what determines whether an entrepreneur will continue in business or terminate the production of a new product?

• A)government regulations
• B)licensing by industrial development agencies
• C)the profit or loss of the business
• D)the taxes paid to the government relative to the subsidies received

Grasp the necessity for product identification and tracking of hazardous substances under RCRA.

Understand the concepts of markets, including the roles of buyers and sellers.

Grasp the definition and distinction between markets and industries.

Recognize the factors that affect market prices and competition.

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