A perfectly competitive firm’s short-run supply curve is the
a. average total cost curve.
b. demand curve above the marginal revenue curve.
c. same as the market supply curve.
d. marginal cost curve above the average variable cost curve.

Question

A perfectly competitive firm’s short-run supply curve is the
a. average total cost curve.
b. demand curve above the marginal revenue curve.
c. same as the market supply curve.
d. marginal cost curve above the average variable cost curve.

A perfectly competitive firm’s short-run supply curve is the

a. average total cost curve.

b. demand curve above the marginal revenue curve.

c. same as the market supply curve.

d. marginal cost curve above the average variable cost curve.

Unlock all answers

Related textbook solutions

Principles of Economics

Principles of Macroeconomics

Principles of Microeconomics

Weekly leaderboard

A perfectly competitive firm’s short-run supply curve is the a. average total cost curve. b. demand curve above the marginal revenue curve. c. same as the market supply curve. d. marginal cost curve above the average variable cost curve.