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Diano4ka-milaya [45]
3 years ago
14

Writing in the new york times on the technology boom of the late​ 1990s, michael lewis​ argues, 'the sad​ truth, for​ investors,

seems to be that most of the benefits of new technologies are passed right through to consumers free of​ charge.' what does lewis means by the benefits of new technology being​ "passed right through to consumers free of​ charge'?
Business
1 answer:
Bogdan [553]3 years ago
5 0
He means that in the long-run, the price is equal to minimum average total cost. In this sense, people consumers receive the new technology "free of charge". 
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