In Its Simplest Form,the Long-Run Market Supply Curve Is A(n)

question 123

Multiple Choice

In its simplest form,the long-run market supply curve is a(n)

• A) horizontal line at the minimum average total cost (ATC).
• B) horizontal line at the price where accounting profits equal zero.
• C) vertical line at the quantity produced by the firm.
• D) upward-sloping line equal to the marginal cost curve.
• E) upward-sloping line equal to the marginal cost curve only above the minimum average variable cost (AVC).