A perfectly competitive firm's supply curve
A) shows the relationship between the price and the quantity the firm will produce.
B) is the portion of the marginal cost curve above the average variable cost curve.
C) is upward sloping.
D) All of the above are correct.
D
Economics
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A firm's supply curve is that portion of its average cost curve that lies above their marginal cost curve
a. True b. False
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a. political instability b. reliance on custom and traditions c. absence of infrastructure d. high population growth e. acceptance of new technology
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