Which of the following statements is true?

a

New technologies that reduce production costs, and thus the price of the good, will spread rapidly throughout the industry as a result of competition.

b

"Creative destruction" occurs when new goods and production methodsmake firmsthat are not able or willing to adjustgo bankrupt.

c

The market system leads to even greater capital accumulation as it rewards theworst firmswith more profits (and thus more available funds for them to invest and expand their operations).

d

All of the above.

e

Only a) and b)