Multiple Choice
Graphically,what is the effect of technological change?
A) The long-run average cost curve will shift down,but the short-run curves will not change.
B) Both the long-run and short-run average cost curves will shift down.
C) The long-run average cost curve will shift up,but the short-run curves will not change.
D) Both the long-run and short-run average cost curves will shift up.
E) It will reduce the size of the average firm.
Correct Answer:

Verified
Correct Answer:
Verified
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