A perfectly competitive firm's short- run supply curve is its marginal cost curve above the minimum average total cost.

Name: A perfectly competitive firm's short- run supply curve is its marginal cost curve above the minimum average total cost.
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Question

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A perfectly competitive firm's short-run supply curve is its marginal cost curve above the minimum average variable cost, not the minimum average total cost.

A Perfectly Competitive Firm's Short- Run Supply Curve Is Its