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Which of the Following Statements Is Consistent with the Views

Question 171

Multiple Choice
Which of the following statements is consistent with the views of Joseph Schumpeter? A)Research and development by competitive firms is responsible for most technological changes. B)An economy benefits from firms having market power because these firms are more likely to be able to commit funds for research and development. C)Enforcement of antitrust laws is necessary to promote competition among firms. D)A lack of competition discourages firms from developing new technologies.

Which of the following statements is consistent with the views of Joseph Schumpeter?


A) Research and development by competitive firms is responsible for most technological changes.
B) An economy benefits from firms having market power because these firms are more likely to be able to commit funds for research and development.
C) Enforcement of antitrust laws is necessary to promote competition among firms.
D) A lack of competition discourages firms from developing new technologies.

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