give me an economics expert
If the technology associated with producing
fiberminusāoptic
cable continues to advance, over time the cost of producing
fiberminusāoptic
cable will
Question content area bottom
Part 1
A.
increase, firms that use the new technology will earn an economic profit, and in the long run new firms will enter the market.
B.
increase, firms that use the new technology will incur an economic loss, and in the long run some firms will exit the industry.
C.
decrease, firms that use the new technology will earn an economic profit, and in the long run new firms will enter the market.
D.
decrease, firms that do not use the new technology will earn an economic profit, and in the long run new firms will enter the market.
E.
decrease, firms that use the new technology will incur an economic loss, and in the long run some firms will exit the industry.