Competition Is the Mechanism That Keeps Individual Profit Seeking in Check

question 80

True/False

Competition is the mechanism that keeps individual profit seeking in check under pure capitalism.

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Definitions:

Primed

The state of being mentally prepared or made more sensitive to certain stimuli or ideas, often used in psychological experiments to influence participants' responses.

Risky Behavior

Actions that expose individuals to danger or harm, often with the potential for negative outcomes.

Adventurous

Characterized by a willingness to take risks and try new experiences, often seeking excitement and exploration.

Reckless

A disregard for safety or consequences, characterized by acting without thinking about the risks or potential harm.