Business, 05.05.2020 23:19 starsinopoli13

Suppose that a profit-maximizing monopoly firm undergoes a substantial technological change that reduces its marginal and average total costs by $40. If in response to its reduction in cost the firm changes its price in a profit-maximizing way, then we can predict that its total economic profit will:rise. It is not possible to make a determination from the information given. remain unchanged. fall.

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Suppose that a profit-maximizing monopoly firm undergoes a substantial technological change that red...

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