Multiple Choice
Technological advance improves productivity in a purely competitive industry. This change will result in a shift
A) down of the individual firm's MC curve, causing the market supply curve to shift to the left.
B) down of the individual firm's MC curve, causing the market supply curve to shift to the right.
C) up of the individual firm's MC curve, causing the market supply curve to shift to the left.
D) up of the individual firm's MC curve, causing the market supply curve to shift to the right.
Correct Answer:
Verified
Correct Answer:
Verified
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