With the creation and growth of the Internet, vacationers can now book their own flights, hotels, rental cars, and other travel logistics online. If this capability resulted in creative destruction, which of the following industries would we have expected to decline the most as a result?
A) airlines
B) travel agencies
C) tourist information
D) hotels
Correct Answer:
Verified
Q201: Q202: Q203: If there is allocative efficiency in a Q204: Creative destruction is least beneficial to Q205: Entrepreneurs in purely competitive industries Q207: The theory of creative destruction was advanced Q208: The "invisible hand" in a competitive market Q209: Innovations that lower production costs or create Q210: Q211: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)workers in
A)have no incentive