A perfectly competitive industry's short-run supply curve is best described as
A) the upward sloping portion of the industry's marginal cost curve.
B) horizontal.
C) perfectly inelastic.
D) the horizontal summation of the individual firms' supply curves.
D
Economics
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Cooperation among different people can occur
A) even if most people know nothing about one another. B) only if at least 10% of the people know one another personally. C) only if the majority of people know one another personally. D) only if everybody knows one another personally.
Economics
Traditionally, the Fed lends to:
A. solvent but illiquid banks. B. insolvent and solvent banks. C. solvent, liquid banks. D. insolvent and illiquid banks.
Economics