A Perfectly Competitive Firm's Short-Run Supply Curve Is The

question 151

Multiple Choice

A perfectly competitive firm's short-run supply curve is the:

• A) average total cost curve.
• B) demand curve above the marginal revenue curve.
• C) same as the market supply curve.
• D) marginal cost curve above the average variable cost curve.

---

Definitions:

Leadership Positions

Roles or titles held within an organization that carry with them responsibility for guiding and influencing others.

Social Needs

Fundamental human desires to belong to groups, including family, friends, and co-workers, and to be accepted by others.

Need For Achievement

A psychological drive or motivation to accomplish tasks, achieve excellence, and overcome obstacles.

Motives

Internal drives that prompt individuals to take action or behave in a certain way.