A typical market supply curve

a. is identical to the firm's marginal cost curve
b. does not reflect any external cost borne by third parties
c. is identical to the firm's marginal revenue curve
d. reflects external benefits enjoyed by third parties
e. is perfectly inelastic

B

Economics

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Which of the following is NOT related to fiscal policy?

A) increasing government expenditures B) decreasing marginal tax rates C) passage of new securities laws D) reducing the budget deficit

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Explain what a PAYGO rule is

What will be an ideal response?

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