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Loraine Loraine
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8 years ago
Technological change allows perfectly competitive firms to ________ and leads to ________.
A) lower their costs; lower prices for consumers
B) raise their prices; higher prices for consumers
C) lower their costs; higher prices so the firms can earn economic profits in the long run
D) raise their costs; higher prices and maximum profits in the long run
E) lower their costs; deadweight loss
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SmooothSmoooth
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8 years ago
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8 years ago
Don't mention it Happy Dummy
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