When LCD televisions first came on the market,they sold for at least $1,000,and some for much more.Now many units can be purchased for under $400.These facts imply that:

Question

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The decrease in prices over time suggests that as production has increased, the costs of producing LCD televisions have decreased, indicating a decreasing-cost industry. This is often due to improvements in technology and production efficiency.

When LCD Televisions First Came on the Market,they Sold for at Least