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A tablet company with a monopoly in their market discovers a new production technology. This new technology causes the marginal and average variable costs to

A tablet company with a monopoly in their market discovers a new production technology. This new technology causes the marginal and average variable costs to fall by $50 per tablet. It does not impact fixed costs. Once this new technology is implemented, the tablet company adjusts its price to continue to maximize profits. We should expect production to: A. Increase B. decrease C. not change

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