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Assume that initially all firms in the industry have the same cost structure shown on the right side of the figure for the Higher Cost

Assume that initially all firms in the industry have the same cost structure shown on the right side of the figure for the Higher Cost Firm and that the industry price is at CB (low point on the high cost ATC curve). If the firm on the left hires you, and you are able to marry your genius with your knowledge of healthcare economics to lower the firms costs of operations as shown, which of the following options makes the most sense for your efficiently run firm? Group of answer choices Retake healthcare economics so you can reduce your costs even further Reduce your output to a more efficient level of production Raise prices since your costs are lower Sell at the same price but make higher profits

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