The short-run supply curve for an individual firm operating in a perfectly competitive market is: a....

The short-run supply curve for an individual firm operating in a perfectly competitive market is:

a. the marginal cost curve at or above the average total cost curve.
b. the marginal cost curve at or above the average variable cost curve.
c. the marginal revenue curve at or above the average total cost curve.
d. the marginal revenue curve at or above the average variable cost curve.

Solutions

Expert Solution

The short-run supply curve for an individual firm operating in a perfectly competitive market is the marginal cost curve at or above the average variable cost curve.

option B is the correct answer

Rahul Sunny answered 1 year ago

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