Multiple Select Question Select all that apply Which of the following describe the market system's virtue of incentives? Multiple select question. The market system requires the assumption of risk by entrepreneurs, often leading to substantial economic losses. The market system promotes the efficient use of resources by encouraging the development and adoption of new production techniques. The market system leaves participants free to further their own self-interest, and any rewards or penalties are imposed by the market system itself. The market system encourages skill acquisition and hard work, leading to increased production and incomes and higher standards of living