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Author Question: One of the main arguments of Joseph Schumpeter's idea of "creative destruction" is that (Read 64 times)

jrobl3

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on: Oct 12, 2022
One of the main arguments of Joseph Schumpeter's idea of "creative destruction" is that
◦ monopolies create profits for themselves at the expense of the destruction of consumer surplus.
◦ perfectly competitive industries are characterized by more productive innovation and productivity growth than monopolistic industries, which Schumpeter regarded as destructive.
◦ short-run profits created by the existence of monopolies will lead to antitrust legislation, which will force the fragmentation of monopolies into competitive industries.
◦ monopoly profits lead to innovation in an effort to sustain those profits.
◦ the existence of monopolies leads to destruction of the environment.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by jrobl3 on Oct 12, 2022

kaynelson17

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jrobl3

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

upturnedfurball

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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