If a Competitive Firm's Marginal Cost Curve Is U-Shaped, Then

question 77

Multiple Choice

If a competitive firm's marginal cost curve is U-shaped, then:

• A) its short-run supply curve is U-shaped too
• B) its short-run supply curve is the downward-sloping portion of the marginal cost curve
• C) its short-run supply curve is the upward-sloping portion of the marginal cost curve
• D) its short-run supply curve is the upward-sloping portion of the marginal cost curve that lies above the short-run average variable cost curve
• E) its short-run supply curve is the upward-sloping portion of the marginal cost curve that lies above the short-run average total cost curve

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