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True or false: prices tell entrepreneurs which areas of the economy they may profitably expand into.

Sagot :

Prices let business owners know which products consumers want and which ones they don't.

Prices therefore provide information to business owners about which sectors of the industry they might like to develop into and others they are more likely to lose money in. True. consumers The entrepreneur will see that it is not practical to open up shop in a particular location if prices are either too high or too low to satisfy a desired profit level. They might conclude that it would take too long or produce too much instability.

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