The Short-Run Market Supply Curve for a Perfectly Competitive Market

question 4

Multiple Choice

The short-run market supply curve for a perfectly competitive market is obtained by summing the part of each firm's

• A) AVC curve that lies above its MC curve.
• B) MC curve that lies above its AVC curve.
• C) AVC curve that lies below the MC curve.
• D) MC curve that lies below the AVC curve.

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