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Schumpeter's Hypothesis of Creative Destruction Was Supported by Evidence Showing

Question 3

Multiple Choice

Schumpeter's hypothesis of creative destruction was supported by evidence showing that:


A) most technological progress was the result of accidental discoveries.
B) important inventions and discoveries were the result of profit-seeking behavior.
C) most high-tech industries are perfectly competitive firms.
D) government-funded public research accounted for nearly all new knowledge.

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