A purely competitive firm’s supply schedule in the short run is determined by—————-
A. its average revenue.
B. its marginal revenue.
C. its marginal utility for money curve.
D. its marginal cost curve.
Answer:D
A purely competitive firm’s supply schedule in the short run is determined by—————-
A. its average revenue. B. its marginal revenue. C. its marginal utility for money curve. D. its marginal cost curve.