The short-run supply curve for a firm in a perfectly competitive market is
a. horizontal.
b. likely to slope downward.
c. determined by forces external to the firm.
d. the portion of its marginal cost curve that lies above its average variable cost.
d
Economics
You might also like to view...
Brand names are rarely used to convey information about product quality
a. True b. False Indicate whether the statement is true or false
Economics
A decrease in the Z factors represents
A. a contractionary fiscal policy. B. an easing of monetary policy. C. a tightening of monetary policy. D. an expansionary fiscal policy.
Economics