In the short run,for a perfectly competitive firm,the portion of the MC curve at or above the shut-down price is also its:

Question

Quizplus · Accepted Answer

The portion of the Marginal Cost (MC) curve that lies at or above the shutdown price represents the firm's short-run supply curve in perfect competition. This is because, in the short run, a perfectly competitive firm will produce where price equals marginal cost (P=MC) as long as the price is above the minimum average variable cost (shutdown condition).

In the Short Run,for a Perfectly Competitive Firm,the Portion of the MC