Examlex
The point at which the axes of a graph intersect is called the:
Short-run Market Supply
The total quantity of a good that producers are willing and able to sell at a given price over a short period.
Marginal Cost Curves
graphical representations that show how the cost of producing one additional unit of a good or service varies with the quantity produced.
Price Taker
A price taker is a firm or individual who has no power to influence the prices in a market, taking the prevailing prices as given.
Short-Run Supply Curve
A graphical representation showing the quantity of goods a firm is willing to produce and sell at different price levels in the short term.
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