The Process by Which New Firms and New Products Replace

question 279

Multiple Choice

The process by which new firms and new products replace existing dominant firms and products is called

• A)monopolistic competition.
• B)the inverted-U process.
• C)process innovation.
• D)creative destruction.

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Immanuel Kant

A pivotal figure in the history of philosophy, whose comprehensive and systematic work in epistemology, ethics, and aesthetics greatly influenced all subsequent philosophy, particularly the various schools of Kantianism and Idealism.

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