All of the Following Except One Are Valid Explanations for the Existence

question 1

Multiple Choice

All of the following except one are valid explanations for the existence of profits in a capitalistic economy.Which is the exception?

• A)The innovations of the entrepreneur.
• B)A growing,dynamic economy that creates periods of disequilibrium.
• C)The fact that the MRP_k is positive.
• D)The existence of oligopolies and monopolies that inhibit the natural tendency for profits to be competed away.

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Definitions:

Vantage Points

Specific positions from which something is viewed or considered, allowing for different perspectives and interpretations.

Empathy

The capability to understand and share the feelings of another individual from their perspective, fostering emotional connection and social harmony.

Affection

A gentle feeling of fondness or liking towards someone or something, often displayed through physical or verbal expressions.

Authoritative

Commanding and self-assured; used to describe someone or something that is recognized as being in control or an expert.