How does the supply curve of a firm in the short run?
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Answer:
The short-run individual supply curve is the individual's marginal cost at all points greater than the minimum average variable cost. ... Ultimately, the short-run individual supply curve demonstrates how the producer's profit-maximizing output is strictly dependent on the market price and holds the fixed cost as sunk.
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3
Answer:
The short-run individual supply curve is the individual's marginal cost at all points greater than the minimum average variable cost. ... Ultimately, the short-run individual supply curve demonstrates how the producer's profit-maximizing output is strictly dependent on the market price and holds the fixed cost as sunk.
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