Multiple Choice
Suppose that Anna is a profit-maximizing monopolist who creates a new technology that reduces her marginal and average total costs by $40. If, as a result of this cost reduction, Anna changes her price in a profit-maximizing way, then Anna's total economic profit will:
A) fall.
B) remain unchanged.
C) rise.
D) It is not possible to make a determination from the information given.
Correct Answer:
Verified
Correct Answer:
Verified
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