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Does the notion of creative destruction imply that monopoly power is long-lasting? Explain. 4. Which of the following will not cause the demand for a

Does the notion of "creative destruction" imply that monopoly power is long-lasting? Explain.

4. Which of the following will not cause the demand for a product to shift: rising consumer income, a change in the price of the product, a change in consumer preference? Explain your choice.

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