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    Economics Study Set 1
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    Exam 8: Producers in the Long Run
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    A Change in the Technique for Producing an Existing Product
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A Change in the Technique for Producing an Existing Product

Question 122

Question 122

Multiple Choice

A change in the technique for producing an existing product is known as


A) product innovation.
B) investment.
C) invention.
D) an increase in productivity.
E) process innovation.

Correct Answer:

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