One of the main arguments of Joseph Schumpeter's idea of "creative destruction" is that... O a. the existence of monopolies leads to destruction of the environment. O b. Monopoly profits lead to innovation in an effort to sustain those profits. Oc. Short-run profits created by the existence of monopolies leads to antitrust legislation, which forces the fragmentation of monopolies into competitive industries. o d. Monopolies create profits for themselves at the expense of the destruction of consumer surplus. Oe. Perfectly competitive industries are characterised by more productive innovation and productivity growth than monopolistic industries, which Schumpeter called destructive.
One of the main arguments of Joseph Schumpeter's idea of "creative destruction" is that... O a. the existence of monopolies leads to destruction of the environment. O b. Monopoly profits lead to innovation in an effort to sustain those profits. Oc. Short-run profits created by the existence of monopolies leads to antitrust legislation, which forces the fragmentation of monopolies into competitive industries. o d. Monopolies create profits for themselves at the expense of the destruction of consumer surplus. Oe. Perfectly competitive industries are characterised by more productive innovation and productivity growth than monopolistic industries, which Schumpeter called destructive.
Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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Transcribed Image Text:One of the main arguments of Joseph Schumpeter's idea of
"creative destruction" is that...
O a. the existence of monopolies leads to destruction of the
environment.
O b. Monopoly profits lead to innovation in an effort to sustain
those profits.
Oc. Short-run profits created by the existence of monopolies
C.
leads to antitrust legislation, which forces the
fragmentation of monopolies into competitive industries.
o d. Monopolies create profits for themselves at the expense
of the destruction of consumer surplus.
Oe. Perfectly competitive industries are characterised by
more productive innovation and productivity growth than
monopolistic industries, which Schumpeter called
destructive.
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