Question: What will be the effect of a technological development that reduces marginal costs in a competitive market on short-run price, quantity, and profit? (LO13-3)

What will be the effect of a technological development that reduces marginal costs in a competitive market on short-run price, quantity, and profit? (LO13-3)

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8. What will be the effect of a technological development that reduces marginal costs in a competitive market on short-run price, quantity, and profit? (LO13-3)

What will be the effect of a technological development that reduces marginal costs in a competitive market on short-run price, quantity, and profit?

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