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  3. Study Set
    Managerial Economics in a Global Economy
  4. Exam
    Exam 1: The Nature and Scope of Managerial Economics
  5. Question
    The Idea That Profits Are a Form of Reward for the Successful
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The Idea That Profits Are a Form of Reward for the Successful

Question 67

Question 67

True/False

The idea that profits are a form of reward for the successful introduction of a new product or process is the frictional theory of profit.

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