In the short run, the competitive firm's supply curve is the

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In the short run, a competitive firm's supply curve is determined by the portion of the marginal cost curve that lies above the average variable cost curve. This is because in the short run, the firm cannot change its fixed costs and must cover them with its variable costs. Thus, the firm will only produce if it can cover its variable costs, which is represented by the portion of the marginal cost curve above the average variable cost curve.

In the Short Run, the Competitive Firm's Supply Curve Is