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Suppose a hospital performs bypass surgery. An advancement in technology allows it to perform the surgery at a lower cost. The demand-supply framework predicts the
Suppose a hospital performs bypass surgery. An advancement in technology allows it to perform the surgery at a lower cost. The demand-supply framework predicts the hospital will respond by: Select one: a. performing fewer surgeries and charging a higher price b. performing fewer surgeries and charging a lower price c. performing more surgeries and charging a lower price d. performing more surgeries and charging a higher price
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