The main argument of Joseph Schumpeter's idea of "creative destruction" is that
A) monopolies create profits for themselves at the expense of the destruction of consumer surplus.
B) the existence of monopolies leads to destruction of the environment.
C) perfectly competitive industries are characterized by more productive innovation and productivity growth than monopolistic industries,which Schumpeter regarded as destructive.
D) monopoly profits lead to innovation in an effort to sustain those profits.
E) short- run profits created by the existence of monopolies will lead to antitrust legislation,which will force the fragmentation of monopolies into competitive industries.
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