Multiple Choice
The replacement of the phonograph by the cassette tape player and the eventual replacement of the latter by CD and MP₃ players is an example of
A) economies of scale.
B) planned obsolescence.
C) diseconomies of scale.
D) creative destruction.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q4: Why is competition important? Do business firms
Q8: Are abundant natural resources good or bad
Q32: Which of the following is true?<br>A) Real
Q36: Which of the following did Thomas Malthus
Q49: If the per capita income of a
Q57: Which of the following would be most
Q71: Which of the following is most likely
Q85: The recent growth records of Japan and
Q94: An economy growing at a consistent rate
Q106: When competition is present and private ownership