For a competitive firm with a downward sloping marginal cost curve,the supply curve and the marginal cost curve look exactly the same

Name: For a competitive firm with a downward sloping marginal cost curve,the supply curve and the marginal cost curve look exactly the same
Brand: Quizplus
Rating: 4.9 (41 reviews)

Question

Quizplus · Accepted Answer

For a competitive firm, the supply curve is the portion of the marginal cost curve that lies above the average variable cost curve, not the entire marginal cost curve.

For a Competitive Firm with a Downward Sloping Marginal Cost