The process by which new firms and new products replace existing dominant firms and products is called:
A. monopolistic competition.
B. the inverted-U process.
C. process innovation.
D. creative destruction.
Answer: D
Economics
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A) total cost B) average cost C) fixed cost D) marginal cost
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Explain the difference between fully funded social security system and pay-as-you-go social security system
What will be an ideal response?
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