A new chemical component is discovered with amazing properties which however is so toxic that it can not be commercially exploited for the foreseeable future. Is this an example of Creative Destruction?   a. Yes.   b. It depends on the market conditions.   c. Impossible to say.   d. No.

Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter6: The Economics Of Political Action
Section: Chapter Questions
Problem 10CQ
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A new chemical component is discovered with amazing properties which however is so toxic that it can not be commercially exploited for the foreseeable future. Is this an example of Creative Destruction?

  a.

Yes.

  b.

It depends on the market conditions.

  c.

Impossible to say.

  d.

No.

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