Supply curve is the rising portion of marginal cost curve over and above the minimum of Average Variable cost curve’. Do you agree? Support your answer with valid reason.
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However, it is important to distinguish between two different types of supply: individual and market supply. ... Meanwhile, market supply describes the quantity of a specific good or service that all sellers in a market combined are willing to sell (i.e. the sum of all individual supplies for a particular good or service).
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