Question

write a short note on short run supply curve of a perfectly competitive firm​

Answer 1

Answer:

Supply curve indicates the relationship between price and quantity supplied. In other words, supply curve shows the quantities that a seller is willing to sell at different prices.

According to Dorfman, “Supply curve is that curve which indicates various quantities supplied by the firm at different prices”. The concept of supply curve applies only under the conditions of perfect competition.

Explanation:

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