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7. A perfectly competitive firms' short run supply curve is: A. the upward sloping portion of its marginal cost curve. B. the upward sloping portion

7. A perfectly competitive firms' short run supply curve is:

A. the upward sloping portion of its marginal cost curve.

B. the upward sloping portion of its AVC curve.

C. its MC curve above AVC at its minimum.

D. None of the above.

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