Loss Innovation



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Loss Innovation
The economic functions of profits include all of the following EXCEPT?

a) a spur to innovation
b) a signal to direct resources to an industry where profits exist
c) a signal to pull resources out of an industry when losses are made
d) a spur to move resources from high-valued to low-valued uses

You seriously couldn't reason out that the answer is D?

That is sad!

FASSTâ„¢ and Speck: Innovations (Episode 1)

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