A perfectly competitive firm's short-run supply curve is the:

a. average total cost curve.
b. demand curve above the marginal revenue curve.
c. same as the market supply curve.
d. marginal cost curve above the average variable cost curve.


d

Economics

You might also like to view...

The larger firms in the red-meat industry have blunted the effects of competition by relying on product differentiation, which in effect, creates a downward-sloping demand curve for each firm's product

Indicate whether the statement is true or false

Economics

What amount of money was appropriated by Congress for the Troubled Asset Relief Program?

a. $225 billion b. $252 billion c. $700 billion d. $787 billion

Economics

Without government involvement, wages and interest rates are set by _______________.

A. price floors B. supply and demand C. price ceilings D. None of these choices are correct

Economics

At a price of $5, 24 units of the good would be sold; at a price of $7, 25 units of output would be sold. The marginal revenue of the 25th unit of output is:

A. $14. B. $55. C. $6. D. $175.

Economics