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Identify specific examples of prominent computer hardware and software technological advances in the industry. Discuss two of the following points and apply that to your example.

• What is the effect of new technology on firms in the industry in the short run?
• What is the effect of new technology on firms in the industry in the long run?
• What is the effect of the new technology on consumers? Does that change from the short run to the long run?
• What is the effect of the new technology on the greater society in the short run and the long run?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9495095

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