The Main Argument of Joseph Schumpeter's Idea of "Creative Destruction

Multiple Choice

The main argument of Joseph Schumpeter's idea of "creative destruction" is that

A) the existence of monopolies leads to destruction of the environment.
B) short-run profits created by the existence of monopolies will lead to antitrust legislation,which will force the fragmentation of monopolies into competitive industries.
C) perfectly competitive industries are characterized by more productive innovation and productivity growth than monopolistic industries,which Schumpeter regarded as destructive.
D) monopoly profits lead to innovation in an effort to sustain those profits.
E) monopolies create profits for themselves at the expense of the destruction of consumer surplus.