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In a market economy, what encourages firms to develop new products and production processes?

Begonia

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4 years ago

In a market economy, what encourages firms to develop new products and production processes?

In a market economy, what encourages firms to develop new products and production processes?

▸ accounting rules

▸ contracts

▸ patents

▸ insurance

Textbook

Microeconomics: Principles, Applications, and Tools

Microeconomics: Principles, Applications, and Tools

Edition: 8^th

Authors: O'Sullivan, Sheffrin, Perez

Read 129 times

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Andreasnlnvld

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Begonia Author

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this is exactly what I needed

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This helped my grade so much Perfect

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kobbhy

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Thanks for your help!!

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