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Under Perfect Competition, the Supply Curve Is

Question 54

Multiple Choice

Under perfect competition, the supply curve is


A) the marginal cost curve for all price quantity combinations.
B) the marginal cost curve, but only that portion that is downward sloping.
C) the marginal cost curve, but only that portion that is upward sloping.
D) the marginal cost curve, but only that portion that is above the minimum of average variable cost.

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