Business, 06.05.2020 04:32 kodak0531

Now suppose the patent expires and other firms are free to use the technology. Which of the following statements are true about what happens in the long run? A. The market price falls to P2. B. All firms’ average-total-cost curves decline to ATC2. C. The market price stays at P1. D. All firms make positive profits.

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Now suppose the patent expires and other firms are free to use the technology. Which of the followin...

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