Entrepreneurs Can Generate Economic Profits by All of the Following

question 2

Multiple Choice

Entrepreneurs can generate economic profits by all of the following, except

• A) developing popular new products.
• B) reducing production costs below rivals' costs.
• C) creating and maintaining monopoly power.
• D) laying off workers in order to cut costs.

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Definitions:

Discharged Debt

A debt that has been deemed paid or settled, releasing the debtor from further obligations.

Primary Effect

The direct and immediate results of an action or policy, as opposed to its secondary or indirect effects.

Overdue Debts

Money owed that has not been paid by the agreed-upon due date, often subject to additional fees or penalties.

Collect a Judgment

The process of legally enforcing a court's decision to recover a sum of money or other assets awarded to a party in a lawsuit.