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Use the following to answer question:
Figure 8.26 Use the following to answer question: Figure 8.26   -(Figure 8.26) The graph shows a perfectly competitive industry in long-run equilibrium. The price is _____. If technology lowers production costs by an average of 50%, the new long-run equilibrium price will be _____.
-(Figure 8.26) The graph shows a perfectly competitive industry in long-run equilibrium. The price is _____. If technology lowers production costs by an average of 50%, the new long-run equilibrium price will be _____.


Definitions:

NICU

A specialized hospital unit for the care of premature and critically ill newborns, standing for Neonatal Intensive Care Unit.

Hypocalcemia

A condition characterized by low levels of calcium in the blood, which can affect bone health and muscle function.

Calcium Gluconate

A mineral supplement and medication used to treat conditions caused by low blood calcium levels.

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