The Process by Which Monopoly Profits Leads to Technological Progress

question 2

Multiple Choice

The process by which monopoly profits leads to technological progress in known as

• A) imperfect competition.
• B) destructive creation.
• C) creative destruction.
• D) economies of scale.

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Definitions:

Refuted

Successfully argued against a statement or theory, proving it to be wrong or false.

Well-Established Theories

Theories that have been widely accepted and validated through substantial evidence and scientific inquiry.

Studied Problem

An issue or challenge that has been the subject of detailed examination and research to understand its nature and find solutions.

Pseudoscience

A body of explanations or hypotheses that masquerades as science.