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4. Suppose that a profit-maximizing monopoly firm experiences a substantial technological change that reduces its marginal and average total costs by $40. With the reduction

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4. Suppose that a profit-maximizing monopoly firm experiences a substantial technological change that reduces its marginal and average total costs by $40. With the reduction in its costs, the firm will probably: A). lower its price, but by more than $40. B). It is not possible to make a determination from the information given. C). lower its price by $40

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