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Schumpeter wrote about how shocks and discontinuities in the general business environment destroy existing advantages for firms and then foster the dominance of new types

Schumpeter wrote about how shocks and discontinuities in the general business environment destroy existing advantages for firms and then foster the dominance of new types of advantages. This concept is: Question 6Select one: a. Punctuated equilibrium. b. Hyper-competition. c. Creative destruction. d. Network externalities. e. Replacement effect

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