Suppose That a Profit-Maximizing Monopoly Firm Undergoes a Substantial Technological

Multiple Choice

Suppose that a profit-maximizing monopoly firm undergoes a substantial technological change that reduces its marginal and average total costs by $40.If in response to its reduction in cost the firm changes its price in a profit-maximizing way,then we can predict that its total economic profit will:

A) fall.
B) remain unchanged.
C) rise.
D) It is not possible to make a determination from the information given.