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The Short-Run Supply Curve of a Perfectly Competitive Firm

Question 2

Multiple Choice

The short-run supply curve of a perfectly competitive firm


A) is equal to that portion of the short-run marginal cost curve that is above the average variable cost curve
B) is equal to that portion of the short-run marginal cost curve that is above the average total cost curve
C) is equal to that portion of the short-run average total cost curve that is above the average variable cost curve
D) None of the above is correct

Correct Answer:

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