What is the supply curve of a firm in the short run?
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Short‐run supply curve. The firm's short‐run supply curve is the portion of its marginal cost curve that lies above its average variable cost curve. As the market price rises, the firm will supply more of its product, in accordance with the law of supply.
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The short-run supply curve will be slightly curved and rising upwards in the diagrammatic representation of the curve.
The short-run supply curve is used to depict the working of an industry for a specific short period of time. The increased demand in the short-run period is only met by an increase in the variable factors.
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