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1 vote
Entrepreneurs drive innovation in a free-market system by introducing ________.

asked
User KIC
by
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1 Answer

5 votes
Answer: Competition

Step-by-step explanation:
The entrepreneur takes the risk to introduce new competing technologies that can provide a product or service at lower price. This creates competition, and the customer benefits from being offered lower prices and improved products.

Furthermore, price gauging and monopoly are minimized because competing and improved products drive out inferior products as well as inferior service.

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