What happens to price and economic profit

Reference no: EM132115782

Question: Describe what happens to output, price, and economic profit in the short run and in the long run in a competitive market following: The adoption of a new technology that lowers production costs. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132115782

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