This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: One of the main arguments of Joseph Schumpeter's idea of "creative destruction" is that (Read 74 times)

jrobl3

  • Full Member
  • ***
  • Posts: 167
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by jrobl3 on Oct 12, 2022

kaynelson17

  • Full Member
  • ***
  • Posts: 141
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.
Answer Preview
Only 59% of students answer this correctly


jrobl3

  • Member
  • Posts: 167
Reply 2 on: Oct 12, 2022
Wow, this really help

helenmarkerine

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Taking off is one of the main times albatrosses use flapping to fly, and is the most energetically d Taking off is one of the main times albatrosses use flapping to fly, and is the most energetically d
Main Facial Bones Main Facial Bones
Joseph Banks Joseph Banks
Post–Main-Sequence Evolution Post–Main-Sequence Evolution
Global OBD II can be accessed from the main menu on all aftermarket and some original equipment ... Global OBD II can be accessed from the main menu on all aftermarket and some original equipment ...
Tornado Destruction - Loss of Life Tornado Destruction - Loss of Life
Video: Angiotensin II - kidneys, adrenal glands and dehydration

For a complete list of videos, visit our video library