. According to Joseph Schumpeter, profit is the reward for

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter7: Production, Costs, And Industry Structure
Section: Chapter Questions
Problem 25RQ: In choosing a production technology, how will firms react if one input becomes relatively more...
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36. According to Joseph Schumpeter,
profit is the reward for
A. O Innovation
B. O Uncertainty-bearing
C.
Risk-taking
D. O Management
Transcribed Image Text:36. According to Joseph Schumpeter, profit is the reward for A. O Innovation B. O Uncertainty-bearing C. Risk-taking D. O Management
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