A Firm ‘s short run supply curve under perfect competition is equal to
a. MC curve above the lowest point SAC
b. MC curve above the lowest point of SAVC
c. The entire MC CURVE
d. AC curve
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Answer:
According to C.E. Ferguson, “The short run supply curve of a firm in perfect competition is precisely its Marginal Cost Curve for all rates of output equal to or greater than the rate of output associated with minimum average variable cost.”
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Answer:
AC curve
Explanation:
This is there answer
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