The disappearance of cassette tape recordings is best explained by:
A) the expiring of patents that kept tape production costs low.
B) increases in the cost of producing tapes caused by foreign competition.
C) creative destruction caused by the development of compact discs and mp3 players.
D) a movement toward dependence on foreign production in the recording industry.
Correct Answer:
Verified
Q32: The concept that new, technologically advanced processes
Q33: A decrease in the demand for cameras
Q34: Creative destruction benefits an economy because:
A) replacing
Q35: Creative destruction occurs on an international level
Q36: Which of the following is most likely
Q38: In economics, production time frames are determined
Q39: To an economist, the short run refers
Q40: If a business can change the amounts
Q41: In the short run, all factors of
Q42: To an economist, the long run refers
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents