The Schumpeterian Hypothesis Asserts That

question 21

Multiple Choice

The Schumpeterian hypothesis asserts that:

• A)the importance of entrepreneurs has been overestimated.
• B)innovation is more profitable for firms with large market shares.
• C)the deadweight loss of monopolistic competition is outweighed by its external economies.
• D)decreasing cost curves are incompatible with innovation.
• E)perfect competition is the likely outcome of any market evolution.

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