MCQOPTIONS
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| 1. |
If a more efficient technology was discovered by a firm, there would be: |
| A. | an upward shift in the avc curve. |
| B. | an upward shift in the afc curve. |
| C. | a downward shift in the afc curve. |
| D. | a downward shift in the mc curve. |
| Answer» E. | |