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    Exam 2: The Market System and the Circular Flow
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    The Advent of DVDs Has Virtually Demolished the Market for Videocassettes.This
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The Advent of DVDs Has Virtually Demolished the Market for Videocassettes.This

Question 74

Question 74

Multiple Choice

The advent of DVDs has virtually demolished the market for videocassettes.This is an example of:


A) creative destruction.
B) derived demand.
C) capital accumulation.
D) the difference between normal and economic profits.

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