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Which of the following statements is true? Group of answer choices The market system will experience better economic outcomes over time since firm owners bear
Which of the following statements is true? Group of answer choices
The market system will experience better economic outcomes over time since firm owners bear responsibility for their own management decisions.
In the command system nobody bears any responsibility for bad management, and nobody loses any money if he makes bad decisions. Workers and managers receive the same salary regardless.
Risk-bearing encourages prudent decisions. Owners that manage their risks well will prosper.
All of the above.
Only a) and b)
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