Assuming fixed factor prices, the short-run industry supply curve for a perfectly competitive industry is equal to the sum of the
A) AVC curves above minimum AVC.
B) ATC curves above minimum ATC.
C) MC curves above minimum AVC.
D) MC curves above minimum ATC.
C
Economics
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Which of the following shocks have caused most of the recessions since 1950?
a. Both c and e b. Increased government spending c. Oil price increases d. The beginning of a war e. Changes in Federal Reserve Policy
Economics
Changing the price of good Y will
A. only affect the demand for that good. B. have effects across some markets. C. keep prices down in all markets. D. have no effect.
Economics