The Short-Run Supply Curve for a Purely Competitive Industry Can

question 114

Multiple Choice

The short-run supply curve for a purely competitive industry can be found by

• A) multiplying the AVC curve of the representative firm by the number of firms in the industry.
• B) adding horizontally the AVC curves of all firms.
• C) summing horizontally the segments of the MC curves lying above the AVC curve for all firms.
• D) adding horizontally the immediate market period supply curves of each firm.

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Definitions:

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Unjust or prejudicial treatment of different categories of people or things, especially on the grounds of race, age, sex, or disability.

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