Question

what is market price? what is the shape of the supply curve in this period?
no spamming​

Answer 1

Answer:

The fundamental feature of the market period is that the supply of a commodity is fixed and cannot be altered. In this case, the supply curve of each firm is a vertical straight line.

Answer 2

The price that prevails in the very short period is called the market price.

The supply curve will be perfectly elastic.