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In the highly competitive TV manufacturing industry, a new innovation makes it possible to cut the average cost of a 5 0 - inch LCD

In the highly competitive TV manufacturing industry, a new innovation makes it possible to cut the average cost of a 50-inch LCD TV from $1,000 to $600. Most TV manufacturers quickly adopt this new innovation, earning massive short-run profits. In the long run, the price of a 50-inch LCD TV will be ${}.(Do not type "$" in the box.)
In the highly competitive flash drive industry, a new innovation makes it possible to cut the average cost of an 64-gigabyte flash drive, small enough to fit on your keychain, from $5 to $4. In the long run, the price of an 64-gigabyte flash drive be ${}.(Do not type "$" in the box.)

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