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23 Jun 2018
29) Which one of the following is not true of a new long-run equilibrium which is the result of a new technology in a perfectly competitive industry? A) Economic profit of each firm remaining in the industry increases. B) Average total cost decreases. C) Industry output increases. D) The equilibrium price falls. E) All firms in the industry use the new technology-
29) Which one of the following is not true of a new long-run equilibrium which is the result of a new technology in a perfectly competitive industry? A) Economic profit of each firm remaining in the industry increases. B) Average total cost decreases. C) Industry output increases. D) The equilibrium price falls. E) All firms in the industry use the new technology-
larryrambo777Lv10
15 Mar 2023
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Patrina SchowalterLv2
23 Jun 2018
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