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technological improvements are more likely to occur if a. the economy is centrally planned b. entrepreneurs...

technological improvements are more likely to occur if
a. the economy is centrally planned
b. entrepreneurs are compensated with higher profits for taking risk
c. economic decisions are made by politicians rather than entrepreneurs
d. companies face little competition and their markets

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Answer #1

Technological improvements are more likely to occur if

entrepreneurs are compensated for taking risks with higher profits which will induce them to invest more in the capital and bring in more innovations to increase the output at lower cost.

Option (B)

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