If the coal mining companies in India are slower to adopt new mining technology than their foreign counterparts are, their mining costs will fall more slowly than their foreign counterparts’ costs will. But if their mining costs fall less rapidly than their foreign counterparts’ costs do, they will not be able to lower their prices as rapidly as their foreign counterparts can; and when a country’s mining companies cannot lower their prices as rapidly as their foreign counterparts can, that country gets pushed out of the global supply market. If the statements above are true, which one of the following must also be true on the basis of them?
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