which of the following curves resembles supply curve under perfect competition in the short run
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Answer:
Marginal utility curve
Explanation:
In a perfectly competitive market, where the margins are very tough, each firm has to take the price as given and can sell as much as it wants at the given price. Profits can be maximized by firms by producing the quantity where its marginal revenue equals its marginal cost. Therefore the marginal utility curve is the short run supply curve of the firm
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