What is Short Run Supply Curve ? in Economics
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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. It holds true because a firm will not produce if the market price is lesser than the shut-down price.
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Explanation:
The short-run individual supply curve is the individual's marginal cost at all points greater than the minimum average variable cost. It holds true because a firm will not produce if the market price is lesser than the shut-down price.
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