Which of the Following Statements About Supply Curves Is CORRECT

question 199

Multiple Choice

Which of the following statements about supply curves is CORRECT? I. A supply curve also can be a marginal cost curve.
II) A supply curve tells the quantity of other goods and services that sellers must give up to produce another unit of the good.

• A) I only
• B) II only
• C) both I and II
• D) neither I nor II

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