The Supply Curve of a Firm in a Competitive Market

question 193

True/False

The supply curve of a firm in a competitive market is the average variable cost curve above the minimum of marginal cost.

---

Definitions:

Monochlorination Products

Products resulting from the introduction of one chlorine atom into an organic molecule, typically achieved through a free radical chlorination reaction.

3,4-Dimethylhexane

A branched alkane with the formula C8H18, identified by its specific arrangement of methyl groups at the third and fourth carbon atoms.

Carbanion

A negatively charged ion (anion) that contains a carbon atom bearing three bonds and one lone pair of electrons, making it very reactive.

Reactive Intermediate

A short-lived species formed during the course of a chemical reaction which cannot be isolated under normal conditions.