Consider the Short-Run Supply Curve for a Perfectly Competitive Industry

question 23

Multiple Choice

Consider the short-run supply curve for a perfectly competitive industry.In general,which of the following statements are true?

• A)The short-run industry supply is obtained by horizontally summing the supply curves of all the individual firms in the industry.
• B)The industry supply curve tends to be flatter more elastic)than the horizontal sum of all the industrial firms' supply curves.
• C)Short-run supply for a perfectly competitive industry is flat for constant cost industries.
• D)both a and b
• E)none of the above are true in general

---

Definitions:

Oncology Unit

A medical unit dedicated to the care and research of cancer-related health issues, providing specialized treatments and support.

Appetites

The natural desire to satisfy bodily needs, particularly for food.

Frequent, Smaller Meals

A dietary approach involving the consumption of smaller amounts of food more regularly throughout the day, which can aid in digestion and weight management.

Oral Hygiene

The practice of keeping the mouth, teeth, and gums clean and healthy to prevent disease, particularly by regular brushing and flossing.