The long-run supply curve of a firm is:
A) its marginal cost curve.
B) its average total cost curve.
C) the portion of its marginal cost curve that lies above its average total cost curve.
D) the portion of its marginal cost curve that lies below its average total cost curve.
C
Economics
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Immigrants were valued as a vital source of labor and, consequently, they were greeted with open arms after the 1830s
Indicate whether the statement is true or false
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A price ceiling set below the market clearing price will tend to cause which of the following?
A) a surplus B) a shortage C) an increase in demand D) a reduction in supply
Economics