In a Competitive System, Profits from Innovation Represent a Transitory

question 27

True/False

In a competitive system, profits from innovation represent a transitory income that will later tend to be competed away.

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Definitions:

Inconsistent Feedback

Responses or critiques that vary widely and unpredictably, often causing confusion or a lack of clear direction.

Lax

Characterized by a lack of strictness or care, often leading to a relaxation of standards.

Permissive

A parenting style characterized by low demands with high responsiveness.

Controlling

Involving or relating to the power to influence or direct people's behavior or the course of events.