In the Short Run When the Number of Firms in the Market

question 53

True/False

In the short run when the number of firms in the market is fixed, the market supply curve is just the horizontal sum of all the firms' marginal cost curves.

---

Definitions:

Epiglottitis

A potentially life-threatening condition characterized by inflammation of the epiglottis, leading to severe difficulty in breathing.

Laryngotracheobronchitis

An inflammatory condition of the larynx, trachea, and bronchi, commonly called croup, mainly affecting young children and leading to breathing difficulties.

Medical Emergency

A serious and unexpected situation requiring immediate medical attention to prevent death or severe harm.

Acute Respiratory Distress Syndrome

A severe lung condition characterized by rapid onset of widespread inflammation in the lungs, leading to respiratory failure.