A perfectly competitive firm's short-run supply curve is its marginal cost curve below its average variable cost curve
a. True
b. False
Indicate whether the statement is true or false
False
Economics
You might also like to view...
Which of the following correctly lists the categories of factors of production?
A) machines, buildings, land, and money B) hardware, software, land, and money C) capital, money, and labor D) owners, workers, and consumers E) land, labor, capital, and entrepreneurship
Economics
How did the U.S. government make the American public have confidence in the nation's currency in the 1870s?
(A) The government permitted state-chartered banks to issue currency. (B) The government established the First Bank of the United States. (C) The government backed the currency with cotton. (D) The government adopted the gold standard.
Economics