Question: Which statement about market structure and innovation is true? a. Innovation helps only dominant firms. b. Innovation keeps new firms from ever catching up with

Which statement about market structure and innovation is true?

a. Innovation helps only dominant firms.
b. Innovation keeps new firms from ever catching up with leading firms.

c. Innovation often leads to creative destruction and the replacement of established firms by new firms.

d. Innovation always leads to entrenched monopoly power. 

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