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Question
Capital-constrained entrepreneurs cannot afford to do much prior analysis and research because
a. the affordability of properly conducted research is beyond the means at their disposal.
b. the costs of any mistakes are lower than the risks of missing out on opportunistic actions.
c. the limited profit potential and high uncertainty of the opportunity they pursue may make the benefits low compared to the costs.
d. potential competitors could quickly discern the entrepreneurs intentions and motives from their research.
Answer
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