Under perfect competition, the supply curve is a. The marginal cost curve for all price quantity combinations.
Question:
Under perfect competition, the supply curve is
a. The marginal cost curve for all price quantity combinations.
b. The marginal cost curve, but only that portion that is downward sloping.
c. The marginal cost curve, but only that portion that is upward sloping.
d. The marginal cost curve, but only that portion that is above the minimum of average variable cost.
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d The marginal cost curve but only that portion that is above ...View the full answer
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