Which statement is not consistent with Joseph Schumpeter's hypothesis?
A) Monopolies use profit to invest in research and development.
B) Monopolies end up being more efficient than competitive firms.
C) Monopoly prices end up being lower than prices generated in perfect competition.
D) Perfect competition is more conducive to innovation than monopoly.
E) Perfect competition is more efficient than monopoly.

Question

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The Answer of Which statement is not consistent with Joseph Schumpeter's hypothesis?
A) Monopolies use profit to invest in research and development.
B) Monopolies end up being more efficient than competitive firms.
C) Monopoly prices end up being lower than prices generated in perfect competition.
D) Perfect competition is more conducive to innovation than monopoly.
E) Perfect competition is more efficient than monopoly.

Which Statement Is Not Consistent with Joseph Schumpeter's Hypothesis