Question: In a market economy, entrepreneurs have a strong incentive to provide consumers with goods and services they value highly relative to cost because Group of

  1. In a market economy, entrepreneurs have a strong incentive to provide consumers with goods and services they value highly relative to cost because
  2. Group of answer choices
  3. if they did not, government regulators would restrict their business activities.
  4.  
  5. if they did not, consumers would spend their money elsewhere.
  6.  
  7. consumers are special to entrepreneurs and therefore they have a strong desire to help them.
  8.  
  9. entrepreneurs are mostly altruistic; if they were not, they would have little incentive to provide consumers with products they value highly.
 

Step by Step Solution

3.49 Rating (149 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The detailed answer for the above question is prov... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Programming Questions!