A "Stair-Like" Market Supply Curve Is the Result of

question 6

Multiple Choice

A "stair-like" market supply curve is the result of

• A)higher cost firms charging a higher price for their products.
• B)firms having different costs.
• C)firms shutting down in the long run.
• D)average variable costs that are higher than average fixed costs.

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Definitions:

Schedule A

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