Which of the Following Statements Is Consistent with the Views

question 72

Multiple Choice

Which of the following statements is consistent with the views of Joseph Schumpeter?

• A)Research and development by competitive firms is responsible for most technological changes.
• B)An economy benefits from firms having market power because these firms are more likely to be able to commit funds for research and development.
• C)Enforcement of antitrust laws is necessary to promote competition among firms.
• D)A lack of competition discourages firms from developing new technologies.

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Definitions:

Strengths and Weaknesses

Strengths and Weaknesses refer to the positive and negative attributes or capacities of an individual or entity, affecting their performance and outcomes in various contexts.

Work and Personal Life

The concept of finding a balance between professional responsibilities and personal interests, relationships, and activities.

Career Plan

A strategic outline of an individual's goals and the steps needed to achieve career objectives.

Occupation

A person's regular work or profession; an activity in which one engages or is engaged in.