Schumpeter and Galbraith believed that concentrated industries had lower rates of technological advances than less concentrated industries.

Name: Schumpeter and Galbraith believed that concentrated industries had lower rates of technological advances than less concentrated industries.
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Schumpeter argued that larger firms in more concentrated industries are more likely to have the resources and incentives to invest in technological innovations, leading to higher rates of technological advances.

Schumpeter and Galbraith Believed That Concentrated Industries Had Lower Rates