The perfectly competitive firm’s short run supply curve is same as the
A. total revenue
B. Supply of other firms in the industry
C. Upward sloping portion of its marginal cost curve at or above minimum AVC curve
D. Upward sloping portion of its MR curve
Answer:C
The perfectly competitive firm’s short run supply curve is same as the
A. total revenue B. Supply of other firms in the industry C. Upward sloping portion of its marginal cost curve at or above minimum AVC curve D. Upward sloping portion of its MR curve