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1.PLEASE EXPLAIN: Suppose that as a consequence of technological innovation,thefixed cost goes down but the marginal cost function stays the same. Then, the monopolist would

1.PLEASE EXPLAIN: Suppose that as a consequence of technological innovation,thefixed cost goes down but the marginal cost function stays the same. Then, the monopolist would like to keep the same price as before and produce a smaller quantity.TRUE, or FALSE, and WHY.

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