A Perfectly Competitive Firm's Supply Curve in the Short Run

question 189

Multiple Choice

A perfectly competitive firm's supply curve in the short run is the rising portion of the marginal cost curve:

• A) for prices less than minimum of the AVC curve.
• B) for prices above the minimum of the AVC curve.
• C) for prices above the minimum of the ATC curve.
• D) below the minimum of the ATC curve.