Question: Question 2: How would an improvement in technology, like the high-efficiency gas turbines or Pirelli tire plant, affect the long-run average cost curve of a

Question 2: How would an improvement in technology, like the high-efficiency

gas turbines or Pirelli tire plant, affect the long-run average cost curve

Question 2: How would an improvement in technology, like the high-efficiency gas turbines or Pirelli tire plant, affect the long-run average cost curve of a firm? Can you draw the old curve and the new one on the same axes? How might such an improvement affect other firms in the industry

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