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:

Digital Media

Digitally encoded content that can be transmitted over the internet or computer networks, covering a broad range of formats including video, audio, and web content.

Social Media

Online platforms allowing users to produce and distribute content, or engage in social networking activities.

PR Return

Public Relations Return, or PR Return, measures the outcomes and effects of PR activities in terms of visibility, public perception, and value generated for an organization.

Harold Burson

A prominent public relations professional, co-founder of Burson-Marsteller, a leading PR agency.