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Technological change allows perfectly competitive firms to ________ and leads to ________. Question 13 options: lower their costs; lower prices for consumers raise their prices;

Technological change allows perfectly competitive firms to ________ and leads to ________. Question 13 options: lower their costs; lower prices for consumers raise their prices; higher prices for consumers lower their costs; higher prices so the firms can earn economic profits in the long run raise their costs; higher prices and maximum profits in the long run

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