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Business, 20.02.2020 20:31 sarahgilbert1468

The competitive market system:

Select one:
a. encourages innovation because government provides tax breaks and subsidies to those who develop new products or new productive techniques.

b. encourages innovation because successful innovators are rewarded with economic profits.

c. discourages innovation because it is difficult to acquire additional capital in the form of new machinery and equipment.

d. discourages innovation because firms want to get all the profits possible from existing machinery and equipment.
b

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Answers: 1

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The competitive market system:

Select one:
a. encourages innovation because govern...

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