r. Attempt 1 Requires Respondus LockD Next Page n 32 (2 points) Which of the following are CORRECT statements regarding perfect cement poignant ly economic long run? Select ONLY THOSE THAT APPLY. Select 2 correct answers) New technology reduces the cost of production, so in the long un Du taint pres of pro and services associated with the new technology decreases. Firms will enter the market in the long run if price is less than average coal and If a perfectly competitive market is in equilibrium and then durand box a product town permanently, the market price will rise, and new firms wil enter the market. New technology reduces the cost of production, so in the long run, fires mut adopt the the chnology will have to exit the market. Next Page