=+b. Suppose now that a new technology is developed which will reduce the cost of film developing

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=+b. Suppose now that a new technology is developed which will reduce the cost of film developing by 25 percent. Assuming that the industry is in longrun equilibrium, how much would any one store be willing to pay to purchase this new technology?

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Microeconomics

ISBN: 9781292081977

8th Global Edition

Authors: Robert S. Pindyck, Daniel L. Rubinfeld

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Question Posted: Oct 25, 2024 04:01 AM

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=+b. Suppose now that a new technology is developed which will reduce the cost of film developing

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Microeconomics

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