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Suppose a technological advancement improves productivity in a perfectly competitive industry. This change will result in a(n): decrease in average fixed costs for a firm
Suppose a technological advancement improves productivity in a perfectly competitive industry. This change will result in a(n): decrease in average fixed costs for a firm in the industry. increase in average variable costs for a firm in the industry. increase in marginal costs for a firm in the industry. increase in supply by a firm in the industry
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Economics Today The Macro View
Authors: Roger LeRoy Miller
18th Edition
0133884872, 978-0133884876
