Use the following to answer question:
-(Figure: A Perfectly Competitive Firm in the Short Run)Use Figure: A Perfectly Competitive Firm in the Short Run.The firm's short-run supply curve is the:

Question

Use the following to answer question: 
-(Figure: A Perfectly Competitive Firm in the Short Run)Use Figure: A Perfectly Competitive Firm in the Short Run.The firm's short-run supply curve is the:

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In a perfectly competitive market, a firm's short-run supply curve is the rising portion of its marginal cost curve above the shutdown point, which begins at point W in the given figure. The entire MC curve is not the short-run supply curve because the firm ceases production in the short run if price falls below the minimum AVC, which is at point P. The short-run supply curve only represents the range of output in which the firm can make profits.

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