Top Posters
Since Sunday
L
3
d
3
y
3
a
3
n
3
d
3
e
3
d
3
c
3
p
3
M
3
a
3
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
pixiedust7891 pixiedust7891
wrote...
Go to Answer
Posts: 126
Rep: 0 0
10 months ago

A person buys X in one market and combines it with Y purchased in another market. The combination of X and Y gives Z, which the person sells in a third market for a higher price than the sum of the prices of X and Y. Which theory of profit is most consistent with this example?



▸

Profit is the return to being alert to an arbitrage (broadly defined) opportunity.



▸

Uncertainty is the source of profit.



▸

Profit is the return to the entrepreneur as innovator.



▸

none of the above

Textbook 
Economics

Economics


Edition: 12th
Author:
Read 44 times
1 Reply
Replies
Answer verified by a subject expert
munjojmunjoj
wrote...
#1
Posts: 145
Rep: 0 0
10 months ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

pixiedust7891 Author
wrote...

10 months ago
Just got PERFECT on my quiz
AlahuKakpar
wrote...

Yesterday
You make an excellent tutor!
MAry1395
wrote...

2 hours ago
Smart ... Thanks!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1311 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 1274
  
 165
  
 687
Your Opinion
How often do you eat-out per week?
Votes: 81
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?