The Short-Run Supply Curve of the Perfectly Competitive Industry Is

question 118

Multiple Choice

The short-run supply curve of the perfectly competitive industry is found by summing the

• A)AC curves of the individual firms in the industry.
• B)AVC curves of the individual firms in the industry.
• C)MC curves above AVC of the individual firms in the industry.
• D)There is no short-run supply curve in a competitive industry.