A perfectly competitive firm's supply curve is its marginal cost curve. marginal cost curve above its minimum average total cost. marginal cost curve above its minimum average variable cost. marginal cost curve above its minimum average fixed cost.
A perfectly competitive firm's supply curve is its marginal cost curve. marginal cost curve above its minimum average total cost. marginal cost curve above its minimum average variable cost. marginal cost curve above its minimum average fixed cost.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter8: Perefect Competition
Section: Chapter Questions
Problem 17SQ
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Question
100%
A perfectly competitive firm's supply curve is its
marginal cost curve.
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marginal cost curve above its minimum
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marginal cost curve above its minimum average variable cost.
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marginal cost curve above its minimum average fixed cost.
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