Question

Which theory of profit view profit as a reward for introducing a new product or technique?


a) Risk bearing theory


b) Frictional theory


c) Monopoly theory


d) Innovation theory

anyone please help me to choose the correct option. ​

Answer 1

Innovations Theory of Profits: This theory of profits explains that economic profits arise because of successful innovations introduced by the entrepreneurs.

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Answer 2

Answer:

innovation theory profits

Explanation:

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