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 theenvironment.O b. Monopoly profits lead to innovation in an effort to sustainthose profits.Oc. Short-run profits created by the existence of monopoliesC.leads to antitrust legislation, which forces thefragmentation of monopolies into competitive industries.o d. Monopolies create profits for themselves at the expenseof the destruction of consumer surplus.Oe. Perfectly competitive industries are characterised bymore productive innovation and productivity growth thanmonopolistic industries, which Schumpeter calleddestructive.

Joseph Schumpeter was a main supporter of the idea of innovation for the marketing companies. He…

Answered: One of the main arguments of Joseph…

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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