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:

Intermodal Service

A transportation service that combines multiple modes of transport, such as rail, ship, and truck, to move goods efficiently from origin to destination.

Transport Buyer

An individual or entity responsible for purchasing transportation services or solutions.

Cost Per Hundredweight (Cwt)

A pricing measure used in various sectors, indicating the cost of 100 pounds of a product.

Logistics Costs

Expenses associated with managing the flow of goods from the point of origin to the point of consumption, including transportation, warehousing, and handling fees.