<p>
[quote]
36. If one firm in a perfectly competitive industry experiences a technological breakthrough that lowers only that firm’s cost of production, which of the following correctly describes the effect on this firm’s price, quantity, and profit?</p>
<p>Price Quantity Profit
A. decrease decrease decrease
B. decrease increase increase
C. no change decrease increase
D. no change increase increase
E. increase increase increase
isn't this one B?
[/quote]
</p>
<p>I was thinking D..</p>