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You are in an industry that produces a commodity, meaning that customers don't value the differences between the products. All the firms in your industry
You are in an industry that produces a commodity, meaning that customers don't value the differences between the products. All the firms in your industry has historically had the same costs of production. A new startup just started selling software that will lower the costs of every company in your industry about the same amount. Which of the following is likely? Group of answer choices Your firm's profits go up Your firm's profits stay the same Your firm's profits go down
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