Your application has been subm x Southern New Hampshire Univer x Home * @ 5-1 Quiz - ECO-201-T2864 Micro x MindTap - Cengage Learning * *Course Hero * * 24862114 (892x572) + X - > C A ng.cengage.com/staticb/ui/evo/index.html? deploymentid=5981412353502464190243042516&eISBN=9780357133576&id=1327466553&snapshotld=2654212& CENGAGE |MINDTAP Q Search this course ? Module Five Quiz X My Home Courses Back to Assignment Catalog and Study Tools Attempts Keep the Highest / 2 A-Z Rental Options 12. Short-Run Outcomes College Success Tips 1. Short Run 2. Long Run Career Success Tips STEP: 1 of 2 ? Help Give Feedback Suppose the book-printing industry is competitive and begins in a long-run equilibrium. Then Hi-Tech Printing Company invents a new process that sharply reduces the cost of printing books. Suppose Hi-Tech's patent prevents other firms from using the new technology. Which of the following statements are true about what happens in the short run? Check all that apply. The price of books remains the same. O Hi-Tech's average-total-cost curve shifts downward. Hi-Tech's profits increase. At O Hi-Tech's marginal-cost curve remains the same. Grade Step 1 TOTAL SCORE: 0/2 O (to complete this step and unlock the next step) Grade It Now Save & Continue Continue without saving 8 0 9 0 7:31