Technological change brings a ________ to firms that adopt the new technology.
A) permanent economic loss
B) temporary normal profit
C) temporary economic loss
D) temporary economic profit
E) permanent economic profit
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 Q100: When a firm adopts new technology, generally Q101: If firms in a perfectly competitive market Q102: Perfect competition _ a fair outcome _. Q103: In the long run, a firm in Q105: As a result of firms leaving the![]()
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