Entrepreneurs are the residual claimants at their respective firms. This means that they: a. Only get paid

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Entrepreneurs are the residual claimants at their respective firms. This means that they:

a. Only get paid if there is any money left over after all the other factors of production have been paid.

b. Must bear the financial risks of running their firms.

c. Receive whatever accounting profits or losses their firms generate.

d. All of the above.

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Microeconomics Principles, Problems and Policies

ISBN: 978-1259450242

20th edition

Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn

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Question Posted: Apr 24, 2018 04:26 AM

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Entrepreneurs are the residual claimants at their respective firms. This means that they: a. Only get paid

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Answer d All of the above These statements about entrepreneurs as residual claiman...View the full answer

Microeconomics Principles, Problems and Policies

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