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Question:

Schumpeter’s “creative destruction” process most likely asserts that:

A Perfectly competitive markets mainly exist in the long run.
Explaination

Joseph Schumpeter suggested that perfect competition is more of a long‐run type of market structure. In the short run, companies may develop new products or processes that give them an edge over competitors, but in the long run, other firms follow the innovative company and try to copy its idea.