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Business, 07.12.2019 05:31 zalayjahan4793

Amonopolist introduces a technological innovation that lowers the marginal cost and average cost of production. the price of the good and the level of output are most likely to change in which of the following waysprice level of output profits
a. remain constant remain constant increase
b. remain constant increase remain constant
c. increase decrease increase
d. decrease increase increase
e. decrease remain constant remain constant

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