When a firm adopts new technology, generally its
A) cost curves are unaffected.
B) cost curves shift upward.
C) production permanently decreases.
D) supply curve shifts leftward.
E) cost curves shift downward.
Correct Answer:
Verified
Q95: In the long run, perfectly competitive firms
Q96: Q97: In the long run, new firms enter Q98: If the technology associated with producing fibre-optic Q99: In the long run, existing firms exit Q101: If firms in a perfectly competitive market Q102: Perfect competition _ a fair outcome _. Q103: In the long run, a firm in Q104: Technological change brings a _ to firms Q105: As a result of firms leaving the![]()
A)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents