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Title: When plasma television sets were first introduced prices were high and few firms were in the market. Post by: Tidy on Jun 21, 2015 When plasma television sets were first introduced prices were high and few firms were in the market. Later, economic profits attracted new firms and the price of plasma televisions fell. This example illustrates
A) a decreasing-cost industry. B) that consumers receive this new technology "free of charge" in the sense that they only have to pay a price for plasma televisions equal to the lowest production cost. C) an industry with a low minimum efficient scale. D) how fickle consumer demands are. Title: Re: When plasma television sets were first introduced prices were high and few firms were in the mar Post by: VincenzoD on Jul 25, 2015 Content hidden
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