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Author Question: Suppose the cost of a CD is $20. As online retailers enter the market with new technology, the price ... (Read 155 times)

TFauchery

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on: May 24, 2019
Suppose the cost of a CD is $20. As online retailers enter the market with new technology, the price of CDs ________, and traditional music stores find that ________.
◦ decreases; their AVC exceeds the new lower price and they exit the industry
◦ decreases; their ATC curve shifts lower and their profit increases
◦ increases; they compete with online retailers at the new higher price
◦ increases; their costs have risen due to the new technology
◦ decreases; they compete with online retailers with higher profits
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by TFauchery on May 24, 2019

sarah_brady415

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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TFauchery

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Reply 2 on: May 24, 2019
Thanks for the timely response, appreciate it

adammoses97

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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