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Introduction of a progressive technology ahead of most competitors in a competitive industry is one of the opportunities, for a firm, to increase its...

Introduction of a progressive technology ahead of most competitors in a competitive industry is one of the opportunities, for a firm, to increase its productivity. Assuming that the number of employees and the average working week remain unchanged, and using the cost, factor productivity, and competitive market theories, as well as relevant diagrams, answer the following questions:

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