Explain what is wrong with the following statement: "It's not fair that firms profit so highly in an industry that benefits from new, cost saving technology; they should have to immediately pass cost savings directly on to the consumer."

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The Answer of Explain what is wrong with the following statement: "It's not fair that firms profit so highly in an industry that benefits from new, cost saving technology; they should have to immediately pass cost savings directly on to the consumer."

Explain What Is Wrong with the Following Statement: "It's Not