Which of the Following Will Increase a Perfectly Competitive Seller's

question 4

Multiple Choice

Which of the following will increase a perfectly competitive seller's short-run supply and shift the firm's short-run supply curve rightward?

• A) an increase in the market price
• B) a decrease in average fixed costs
• C) a decrease in marginal cost
• D) Both answers A and B are correct.
• E) Both answers A and C are correct.

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Definitions:

Value Chain Management

The process of managing activities and processes to add value to products or services from production to consumption.

Primary Activities

Core actions or functions that directly relate to the creation, sale, maintenance, and support of a product or service in a business's value chain.

Support Activities

Functions or operations within a business that, while not directly contributing to the product or service, facilitate effective performance of primary activities.

Value Chain Management

The process of optimizing the steps from raw material acquisition to production, distribution, and after-sales services to add value and increase efficiency within a company's operations.