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Title: Suppose the cost of a CD is $20. As online retailers enter the market with new technology, the price Post by: Loraine on Jun 21, 2015 Suppose the cost of a CD is $20. As online retailers enter the market with new technology, the price of CDs ________, and traditional music stores find that ________.
A) decreases; their AVC exceeds the new lower price and they exit the industry B) decreases; their ATC curve shifts lower and their profit increases C) increases; they compete with online retailers at the new higher price D) increases; their costs have risen due to the new technology E) decreases; they compete with online retailers with higher profits Title: Re: Suppose the cost of a CD is $20. As online retailers enter the market with new technology, the p Post by: Smoooth on Jul 27, 2015 Content hidden
Title: Re: Suppose the cost of a CD is $20. As online retailers enter the market with new technology, the price Post by: Smoooth on Aug 31, 2015 Don't mention it :-]
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