A perfectly competitive firm's marginal cost curve is ______.

Name: A perfectly competitive firm's marginal cost curve is ______.
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The marginal cost curve for a perfectly competitive firm is typically U-shaped due to the law of diminishing returns. Initially, marginal costs decrease as production increases due to more efficient use of resources. However, after a certain point, marginal costs begin to increase as the factors of production become over-utilized.

A Perfectly Competitive Firm's Marginal Cost Curve Is ______