What would be likely to found in an industry that operates through dynamics of creative destruction?
A) established firms defend their old ways of production, organization, and distribution
B) new firms tend to fail
C) old firms are replaced
D) all of the above

Question

Quizplus · Accepted Answer

Creative destruction refers to the process where new innovations lead to the demise of older industries or firms, thus replacing old firms with new ones.

What Would Be Likely to Found in an Industry That