faithlynne2988 faithlynne2988
  • 03-09-2019
  • Business
contestada

Entrepreneurs are well compensated in a market economy if they provide high utility to consumers at a relatively low ______.

Respuesta :

Nyctalus
Nyctalus Nyctalus
  • 10-09-2019

Answer: cost

Explanation: In a market economy, the price of the product or service offered are determined by the market forces of demand and supply. Govt. intervention in regulating the market forces is minimal in such markets.

Thus, if the entrepreneurs produce goods at a low cost they will price it low leading to high demand for their product. Thus, they will be compensated well if they cost their product lower than others.

Answer Link

Otras preguntas

what is the correct line description for x+3y=1?
Explain how using assistive technology can promote healthy emotional and social development. Discuss how you think young children and teens may be affected and
how to know when eggs are done boiling
listed following are characteristics that describe either high-mass or low-mass stars. match these characteristics to the appropriate category.
how do i solve the square root problems?
most dangerous cities in the us
what organic molecule functions to speed up chemical reaction
rational numbers examples
steve jobs was a demanding perfectionist when it came to his business. in fact, the case recounts instances where jobs would have his top 100 people attend a re
the temperature danger zone is