Figure 14-3 The Figure Below Depicts the Cost Structure of a Profit-Maximizing

question 187

Multiple Choice

Figure 14-3
The figure below depicts the cost structure of a profit-maximizing firm in a competitive market.

-Refer to Figure 14-3.Which line segment best reflects the long-run supply curve for this firm?

• A)ABCD
• B)BC
• C)ABC
• D)None of the above, the long-run supply curve requires knowledge of the average variable cost structure.

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